New Delhi, April 24 (IANS) India’s currency may be under pressure in the short term, but its long-term story remains compelling, Chief Economic Adviser V. Anantha Nageswaran has said, describing the rupee as “fundamentally undervalued” and an attractive opportunity for investors.Speaking to Bloomberg, Nageswaran said the current valuation of the rupee offers a strong entry point, particularly for long-term investors looking at India’s growth potential.His remarks come at a time when the …
Latest Sanjay Malhotra News & Updates
New Delhi, April 23 (IANS) Global economic conditions and sentiments have soured after the outbreak of the West Asia conflict, adversely impacting the growth-inflation outlook, Governor Sanjay Malhotra said in the latest RBI Bulletin on Thursday, adding that Central Bank would remain vigilant of the evolving situation and put in place policies that prioritise the best interest of the economy.The conflict in West Asia has intensified pressures on the global supply chains in March with some easing…
Mumbai, April 22 (IANS) Amid the outlook of elevated energy prices coupled with supply shock due to disruptions in the Strait of Hormuz, which pose a drag on domestic production in 2026-27, the Government’s focus on scaling up domestic manufacturing in several strategic and frontier sectors announced in the Union Budget bodes well for India’s ensuing growth trajectory, according to the minutes of the RBI Monetary Policy Committee (MPC) released on Wednesday.On the external front, merchandise…
Hyderabad, April 21 (IANS) In a move to combat cybercrime, Hyderabad Police Commissioner VC Sajjanar has suggested critical changes to the banking system, stating that such reforms are imperative to dismantle organised syndicates operating across the country. In a detailed letter addressed to Reserve Bank of India Governor Sanjay Malhotra on Tuesday, the Commissioner highlighted how ‘mule accounts’ created in the names of innocent individuals have become the focal point of cyber fraud.These reve…
New Delhi, April 21 (IANS) The Reserve Bank of India (RBI) is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of interest rates, Governor Sanjay Malhotra has said, adding that prolonged supply disruptions risk embedding inflation into India’s broader price level.In his speech at Princeton University in the US, Malhotra said the ongoing conflict poses a direct threat to the Indian economy given the region’s outsized role in the coun…
Mumbai, April 16 (IANS) The Reserve Bank of India (RBI) on Thursday announced it will conduct a Rs 2 lakh crore seven-day variable rate reverse repo (VRRR) auction on April 17 to manage surplus liquidity in the banking system.In a notification, the central bank said the decision comes in view of the prevailing transient surplus liquidity conditions.The auction will be held between 9:30 am and 10:00 am on Friday, with funds scheduled to be reversed on April 24.The move is aimed at absorbing exces…
New Delhi, April 10 (IANS) The Indian rupee opened nearly 10 paise higher on Friday as the Reserve Bank of India’s (RBI) deadline for banks to unwind their arbitrage positions approached, while traders also tracked rising crude oil prices amid uncertainty over the US-Iran ceasefire.The rupee was trading at 92.57 against the US dollar in early trade, compared to its previous close of 92.66.April 10 is the deadline for banks to unwind excessive positions in the offshore non-deliverable forwards …
Mumbai, April 8 (IANS) Sanjay Malhotra on Wednesday said that the Reserve Bank of India has not found any major governance issues in HDFC Bank, even after the bank’s chairman stepped down citing ethical disagreements.Speaking after the monetary policy announcement, the RBI governor said that based on regular supervision, there are no material concerns about the bank’s governance.“Existing banking laws are clear and effective, and there is currently no need for any changes,” he said.“Ho…
New Delhi, April 8 (IANS) The Reserve Bank of India (RBI) on Wednesday estimated India’s real GDP growth at 7.6 per cent for FY26 under a new GDP series, while flagging emerging risks from geopolitical disruptions.The FY26 growth reflects resilience supported by strong services activity, manufacturing expansion and robust domestic demand.For FY27, the Central Bank has projected growth at 6.9 per cent, indicating a moderation as external risks and cost pressures begin to build, said RBI Governo…
New Delhi, April 8 (IANS) The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting.The Standing Deposit Facility (SDF) rate has been kept unchanged at 5 per cent, while the Marginal Standing Facility (MSF) rate remains at 5.50 per cent, RBI Governor Sanjay Malhotra said while announcing the MPC decision.The RBI Governor described 2025 as a challenging year, but noted that infla…