LATEST RBI NEWS UPDATE

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TODAY'S  🇮🇳 INDIAN NEWS FROM RBI Positioned as Stability Anchor

Despite global turbulence, Malhotra emphasized India's resilience, describing the country as an "anchor of stability in a volatile world". He cited strong foreign exchange reserves exceeding $700 billion, low inflation since February, a narrow current account deficit, and robust balance sheets among banks and corporations.[1][2][3][4][5]

News

The RBI this week kept its benchmark repo rate unchanged at 5.5% while revising growth projections upward to 6.8% from 6.5% and lowering inflation forecasts to 2.6% from 3.1%. Malhotra expressed confidence that India can sustain 7-8% growth, contrasting the nation's stability with fragility seen across advanced economies.[5][6][7][1]

"This is to be attributed to the steadfast attention to ensuring macroeconomic stability, price stability, financial stability, and even policy stability," Malhotra said, crediting coordinated efforts between policymakers, regulators, and market participants.[2][1]

Citations:

[1] India anchor of stability in volatile world: RBI governor ... https://economictimes.com/news/economy/policy/india-anchor-of-stability-in-volatile-world-rbi-governor-sanjay-malhotra/articleshow/124297197.cms

[2] RBI governor highlights resilient growth amid global turmoil https://government.economictimes.indiatimes.com/news/economy/indias-economic-stability-rbi-governor-highlights-resilient-growth-amid-global-turmoil/124305335

[3] India stands out as rare anchor in volatile world: RBI chief https://ddnews.gov.in/en/india-stands-out-as-rare-anchor-in-volatile-world-rbi-chief/

[4] Global Equities May See Correction, Warns RBI Gov Sanjay Malhotra https://www.deccanchronicle.com/business/economics/global-equities-may-see-correction-warns-rbi-gov-sanjay-malhotra-1907784

[5] India anchor of stability in volatile world: RBI Guv Sanjay ... https://www.millenniumpost.in/business/india-anchor-of-stability-in-volatile-world-rbi-guv-sanjay-malhotra-629813

[6] India can grow at 7-8%, says RBI Guv Sanjay Malhotra ... https://www.business-standard.com/economy/news/global-economy-resilient-despite-uncertainties-rbi-governor-malhotra-125100300815_1.html

[7] Global markets could see correction as tech-driven rally ... https://www.moneycontrol.com/news/business/economy/rbi-s-malhotra-expresses-confidence-in-india-s-economy-sustaining-7-8-growth-13595925.html

https://economictimes.com/news/economy/policy/india-anchor-of-stability-in-volatile-world-rbi-governor-sanjay-malhotra/articleshow/124293417.cms