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BENGALURU, April 9 (Reuters) - India's annual inflation likely rose modestly in March to 3.48%, according to a Reuters poll of economists, as a fall of around 11% in gold prices last month partly offset a surge in fuel prices in the wake of the Iran war. While food price rises were modest, the U.S.-Israeli war on Iran which began on February 28 prompted a jump in global oil prices and severe fuel shortages in India, the world's most populous country. But retail price rises have been mostly sta ...Read More >
Mumbai: Reserve Bank Governor Sanjay Malhotra on Wednesday expressed confidence that interest rates will remain low in the medium to long term, given the benign inflationary conditions. Addressing the media, in a post-monetary policy conference, Malhotra said the Indian economy is very strong, resilient and robust. "We are in a neutral state...possibility either way, any ways cannot be ruled out that low rates (would) continue for a long time," he said. Despite shocks, he said, the RBI is pro ...Read More >
New Delhi: The Reserve Bank of India's (RBI) decision to hold rates today was widely expected, but beneath that calm surface, experts warn that monetary policy is running out of runway. With Financial Year 27 growth forecast trimmed to 6.9 per cent, and crude prices still volatile, the central bank isn't in a hurry to reverse the rate cycle. Especially when growth risks are lingering. Yet the real challenge experts argue is no longer just about rates. After 125 basis points of easing, further c ...Read More >
Consequently, the standing deposit facility (SDF) rate remains at 5 per cent and the marginal standing facility (MSF) rate and the bank rate remain at 5.5 per cent. The committee, which held its 60th meeting from April 6 to 8 under the chairmanship of RBI governor Sanjay Malhotra, also decided to continue with the neutral stance, the monetary policy statement released after the meeting said. Elevated energy and other commodity prices coupled with supply shock due to disruptions in the Strait o ...Read More >
MUMBAI: The Reserve Bank of India kept its key policy rate unchanged on Wednesday while warning of lower growth and higher inflation as the Middle East crisis reverses a "Goldilocks" phase for the South Asian economy. Overnight, the U.S and Iran announced a two-week ceasefire in hostilities after more than a month of fighting, which pushed oil prices sharply higher and disrupted the supply of gas to economies the world over. India, which imports 90% of its oil supplies, is seen as among the mo ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank of India kept its key policy rate unchanged on Wednesday, adopting a cautious wait-and-watch stance as policymakers assessed the fallout from the six-week Iran conflict on energy supplies, inflation and growth. The central bank's six-member Monetary Policy Committee voted unanimously to keep the benchmark repurchase rate at 5.25 per cent, flagging heightened uncertainty after the West Asia conflict drove crude prices sharply higher, weakened the rupee and di ...Read More >
Mumbai: The Reserve Bank of India (RBI) on Wednesday projected the country's inflation rate based on the Consumer Price Index (CPI) for 2026-27 at 4.6 per cent as the near-term food supply prospects have been boosted by a robust Rabi crop which provides some comfort amid rising oil prices in the international market due to the Iran war. RBI Governor Sanjaya Malhotra said, "The pass-through of higher global energy prices has resulted in price increases in select fuels such as premium petrol and ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank on Wednesday projected retail inflation for the current financial year at 4.6 per cent, well within the government-mandated inflation target range of 4 per cent with a tolerance band of +/- 2 per cent. Before the outbreak of the West Asia conflict, India's macroeconomic fundamentals exuded confidence with buoyant growth and low inflation. Conditions turned adverse in March with the widening of the conflict zone and its intensification. The consumer price in ...Read More >
NEW DELHI: The Reserve Bank of India (RBI) has projected India's economic growth to moderate to 6.9% in 2026-27, while inflation is expected to edge higher to 4.6%, as geopolitical tensions and global supply disruptions cloud the macroeconomic outlook. Announcing the first bi-monthly monetary policy of FY27, the RBI said the Monetary Policy Committee (MPC) retained the policy repo rate at 5.25% and maintained a neutral stance, citing a complex trade-off between supporting growth and containing ...Read More >
(RTTNews) - The Reserve Bank of India decided to hold its benchmark interest rates on Wednesday as macroeconomic outlook remains resilient despite elevated geopolitical tensions. At the meeting, the Monetary Policy Committee, governed by Sanjay Malhotra, unanimously decided to keep the policy repo rate unchanged at 5.25 percent. "It is prudent to wait and watch the changing circumstances and the evolving growth-inflation outlook," the bank said in a statement. The MPC also decided to continue ...Read More >
By Jaspreet Kalra and Abinaya V MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. While risks to growth and inflation have risen due to the Middle East crisis, the rate panel chose to "wait and watch", RBI Governor Sanjay Malhotra said while announcing the policy decision. The RBI's six-member monetary policy committee voted to keep the repo ra ...Read More >
MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. While risks to growth and inflation have risen due to the Middle East crisis, the rate panel chose to "wait and watch", RBI Governor Sanjay Malhotra said while announcing the policy decision. The RBI's six-member monetary policy committee voted to keep the repo rate (INREPO=ECI), opens new tab st ...Read More >
Mumbai: The Reserve Bank's rate-setting panel on Monday started its three-day brainstorming session on the first bi-monthly monetary policy of the fiscal year amid expectations of a status quo on the benchmark lending rate in view of apprehensions of a spike in inflation due to the ongoing West Asia crisis. The decision of the six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on Wednesday. The RBI has cut rates by a total of 125 basis ...Read More >
Mumbai: The Reserve Bank's rate-setting panel on Monday started its three-day brainstorming session on the first bi-monthly monetary policy of the fiscal amid expectations of a status quo on the benchmark lending rate in view of apprehensions of a spike in inflation due to ongoing West Asia crisis. The decision of the six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on Wednesday. Also read: RBI expected to hold rates steady in first ...Read More >
Mumbai, Apr 6 (PTI) The Reserve Bank's rate-setting panel on Monday started its three-day brainstorming session on the first bi-monthly monetary policy of the fiscal amid expectations of a status quo on the benchmark lending rate in view of apprehensions of a spike in inflation due to ongoing West Asia crisis. The decision of the six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on Wednesday. The RBI has cut rates by a total of 125 b ...Read More >
In a notable development, The Reserve Bank is reported to likely keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review meeting, as the West Asia crisis continues to nurture inflationary fears. The continuing geopolitical tensions in West Asia have resulted in increased volatility in commodity prices and sharp currency movement that have seen the rupee hit record lows. As per economists interviewed by PTI, these developments have unprecedentedly compl ...Read More >
Mumbai, April 5: The Reserve Bank is likely to keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review meeting, as the West Asia crisis is likely to push up inflation, according to economists. The continuing geopolitical tensions in West Asia, volatility in commodity prices and sharp currency movement that have seen the rupee hit record lows have complicated the policy outlook, and its projections on growth, inflation and also the stance of policy will ...Read More >
Mumbai, Apr 5 (PTI) The Reserve Bank is likely to keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review meeting, as the West Asia crisis is likely to push up inflation, according to economists. The continuing geopolitical tensions in West Asia, volatility in commodity prices and sharp currency movement that have seen the rupee hit record lows have complicated the policy outlook, and its projections on growth, inflation and also the stance of policy w ...Read More >
NEW DELHI, March 12 (Reuters) - India's retail inflation rose to 3.21% year-over-year in February, driven by higher prices of food, personal care products and precious metals, government data showed on Thursday. The key price gauge stayed below the Reserve Bank of India's target of 4% and within its tolerance band of 2%-6%, even though soaring oil prices due to the Iran war have raised risks for higher inflation in Asia's fifth-largest economy. A Reuters poll had projected inflation at 3.1%. T ...Read More >
CPI Inflation Data: India's year-on-year inflation rate, based on the consumer price index (CPI), surged to 3.21% in February on the account of rising food inflation, as per the data released by the Ministry of Statistics and Programme Implementation on Thursday, March 12. Subsequently, firm gold and silver prices contributed in keeping the core inflation higher. CPI Inflation, also known as retail inflation, remained at 2.74% in January, 2026. India's CPI inflation stood at 3.21% in February, ...Read More >
New Delhi: India's inflation is likely to stay low in FY27, supported by well-stocked granaries, low oil prices, and other long-term factors that keep core inflation under control. According to a new report by HSBC Global Investment Research, these factors will help maintain price stability in the coming months. HSBC noted that while it does not expect the Reserve Bank of India (RBI) to cut the repo rate further, there is a possibility of easing if economic growth slows down. November inflatio ...Read More >
New Delhi, Sep 13 (IANS) With August inflation print a tad higher than the 2 per cent mark, a rate cut in October is unlikely, according to a report by SBI Research, adding that even a rate cut in December looks a little difficult if growth numbers for Q1 and estimated Q2 data are taken into consideration. As the Goods and Service Tax (GST) rate on around 295 essential items has been reduced from 12 per cent to 5 per cent or NIL, the consumer price index (CPI) inflation in this category may com ...Read More >
New Delhi: Againsta global backdrop characterised by economic and trade policy uncertainty, India's economy gained momentum in the second quarter of FY26, which is particularly significant, as the US imposed higher tariffs on India in August, according to the Finance Ministry's monthly report released on Monday. Various supply-side high-frequency indicators have displayed healthy trends, while demand conditions continued to improve with the GST reforms and festive season sentiments spurring con ...Read More >
India's economy is experiencing a robust boost from GST 2.0 and the festive season, with stronger consumption, increased sales across sectors, and improved consumer sentiment. Lower GST rates are driving demand and job creation, while high-frequency indicators show significant improvements, leading to upward GDP growth forecasts from the IMF and RBI. New Delhi, The rollout of GST 2.0 has started showing a positive impact on India's economy, with stronger consumption trends, higher sales across ...Read More >
New Delhi: Against a global backdrop characterised by economic and trade policy uncertainty, India's economy gained momentum in the second quarter of FY26, which is particularly significant, as the US imposed higher tariffs on India in August, according to the Finance Ministry's monthly report released on Monday. Various supply-side high-frequency indicators have displayed healthy trends while demand conditions continued to improve with the GST reforms and festive season sentiments spurring con ...Read More >
New Delhi: Goods and Services Tax (GST) cuts are set to bolster domestic demand by easing the tax burden on consumers and businesses, spurring consumption and investment across sectors, and supporting job creation, the finance ministry said in its monthly economic review for September, released on Monday. A strong performance in industry and services, along with a stable labour market, is expected to reinforce this momentum, the ministry noted. However, it cautioned that persistent global uncer ...Read More >
[BENGALURU] Gold prices rose on Friday (Oct 24), supported by lingering geopolitical worries and US-China trade tensions, as investors awaited key US inflation data due later in the day for further cues on the interest rate path. Spot gold was up 0.3 per cent at US$4,138.52 per ounce, as at 9.20 am. However, bullion was on track for its worst week since May, down 2.7 per cent so far this week. US gold futures for December delivery rose 0.2 per cent to US$4,152.30 per ounce. US President Donal ...Read More >
MUMBAI: Growth for the Indian economy is projected to remain resilient amid global uncertainties and the outlook for inflation has been revised downwards, opening up policy space for further supporting growth, a report by RBI said."The Indian economy displayed resilience amid broader global uncertainty and weak external demand," said RBI's state of the economy report released on Monday. It noted that "global uncertainty has edged up" and that "trade tensions have started to simmer yet again".Acc ...Read More >
Mumbai: High-frequency indicators pointed to the likelihood of robust September-quarter growth, central bank governor Sanjay Malhotra had said during the October 1 monetary policy review, although he was more circumspect about the pace of economic expansion in 2H of FY26 due to the impact of punitive US tariffs. "Several indicators suggest that agricultural prospects are bright in the current year; consequently, rural demand is likely to be buoyant," Malhotra was cited as saying in the minutes ...Read More >
MUMBAI: Two academics on the RBI's monetary policy committee -- Nagesh Kumar and Ram Singh -- called for shifting the policy stance to accommodative, citing subdued inflation and the need to support growth but governor Sanjay Malhotra said such a move would amount to giving "definitive forward guidance" on the next step, which he felt was inappropriate given global uncertainty.The minutes of the Sept 29-Oct 1 MPC meeting released by RBI on Wednesday showed that most members felt that a rate cut ...Read More >
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