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Principal Secretary-2 to the PM, Shaktikanta Das, highlights India's 7.8% average GDP growth as a blueprint for navigating global volatility. With global risks tilted to the downside due to frequent geopolitical shocks, India's experience offers a model of navigating volatility through structural reforms, policy discipline, and innovation, Principal Secretary-2 to the Prime Minister of India Shaktikanta Das said on Thursday. The global economy has been grappling with persistent shocks, includi ...Read More >
(RTTNews) - Indian shares are seen opening a tad lower on Thursday as oil prices rebounded amid confusion over the U.S.-Iran truce terms. Uncertainty is growing around the ceasefire as both sides appear to be working with different versions of the peace proposal. Sporadic fighting continued throughout the Middle East, including in Lebanon, where Israel's military launched what it described as its most powerful attacks on Wednesday, killing hundreds of people and creating panic. Tehran, which ...Read More >
Global uncertainty is likely to linger in the near term, with crude oil prices emerging as a key risk factor for markets and the broader economy, according to Dhiraj Relli, MD & CEO of HDFC Securities. Speaking on the sidelines of "The Big Review" report launch in Mumbai, Relli said elevated oil prices are creating a cascading impact across inflation, interest rates, and corporate earnings, affecting economies worldwide. However, he remains hopeful that easing geopolitical tensions in West Asi ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): HDFC Securities on Wednesday released its 'The Big Review' report, stating that India's real GDP growth is expected to remain at 6-7 per cent, while nominal growth is expected to improve soon. Speaking at the event in Mumbai's St. Regis, Varun Lohchab, Chief Research Officer-Equities at HDFC Securities, said, "While the real GDP growth is expected to remain at 6-7 per cent, nominal growth will be better due to inflation improvements." Also Read | HC ...Read More >
Mumbai, Apr 8 (PTI) Indian scheduled commercial banks' gross non-performing assets (NPAs) ratio declined further to 2 per cent in December 2025, the Reserve Bank said on Wednesday. Gross NPAs -- which represents the proportion of loans unpaid for over 90 days -- for the banking system had stood at 2.5 per cent in the year-ago period, as per the bi-annual Monetary Policy Report released by the central bank. The improvement in asset quality was across sectors, including retail loans, services, i ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank on Wednesday decided to dispense with the Investment Fluctuation Reserve (IFR), an additional buffer which banks were required to maintain to hedge against depreciation in the value of investments, as a measure to support the capital adequacy of lenders. Banks currently maintain IFR as an additional buffer against depreciation in the value of their investments, subject to mark-to-market (MTM) requirements. Currently, commercial banks (including Local Area B ...Read More >
Mumbai, Apr 8 (PTI) Indian bond yields ended nearly 0.15 per cent lower on Wednesday, taking comfort from the conditional ceasefire in the West Asia conflict, and Reserve Bank of India (RBI) maintaining the status quo on policy rate. According to the Clearing Corporation of India (CCIL), the 10-year benchmark bond yield ended 6.8984 per cent compared to 7.0443 per cent at the previous close. Even though bond yields have eased, the central bank, in the monetary policy report, has projected 10-y ...Read More >
India will lead South Asia's economic growth. The World Bank forecasts India's economy to expand by 7.6% in FY26. The region's overall growth is expected to slow initially but recover. However, global uncertainties and energy market disruptions pose risks. Countries need reforms to sustain growth and create jobs. Other South Asian nations show varied growth projections. World Bank expects India to remain the primary engine of growth in South Asia, projecting the economy to expand 7.6% in FY26, ...Read More >
President Donald Trump announced the U.S. reached a ceasefire with Iran for two weeks, just hours ahead of a deadline Trump imposed. April 8 (Reuters) - U.S. stock index futures climbed on Wednesday as investors breathed a sigh of relief after the U.S. and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through the Strait of Hormuz could resume. The announcementcame less than two hours before U.S. President Donald Trump's deadline, in a shar ...Read More >
Incidents in private banks are isolated, not systemic, says RBI Governor. Reserve Bank of India Governor Sanjay Malhotra on Wednesday said the country's banking system remains strong and safe, even as recent developments in some private sector banks raised concerns among investors. Speaking at the post-monetary policy press conference, the Governor said such incidents are limited and do not reflect any wider problem in the banking system. "I want to assure everyone that the banking system is ...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 >
Mumbai, April 8: Indian stock markets extended their rally for the fifth straight session, with both the Nifty and the Sensex posting strong gains. The positive momentum came amid easing global tensions and steady domestic policy signals. The Nifty closed 3.78 per cent higher, gaining 873.70 points to end at 23,997.35. Meanwhile, the Sensex surged 3.95 per cent, rising 2,946.32 points to settle at 77,562.90. Commenting on Nifty technical outlook, experts said that from a technical standpoint, t ...Read More >
New Delhi, Apr 8 (PTI) Stable interest rates on home loans coupled with strong end-user demand will help real estate developers to sustain sales momentum, realtors' bodies CREDAI and NAREDCO on Wednesday said while hailing the RBI's decision to keep repo rate unchanged. The two associations, which have around 20,000 real estate developers as members, pointed out that the real estate sector could face the pressure of an increase in input costs because of the West Asia conflict, but asserted that ...Read More >
Mumbai: Indian stock markets extended their rally for the fifth straight session, with both the Nifty and the Sensex posting strong gains. The positive momentum came amid easing global tensions and steady domestic policy signals. The Nifty closed 3.78 per cent higher, gaining 873.70 points to end at 23,997.35. Meanwhile, the Sensex surged 3.95 per cent, rising 2,946.32 points to settle at 77,562.90. Commenting on Nifty technical outlook, experts said that from a technical standpoint, the 23,7 ...Read More >
New Delhi [India], April 8 (ANI): The oil marketing companies (OMCs) are likely to absorb higher crude costs without passing it on to consumers if Brent crude prices remain in the range of USD 85-90 per barrel, Rajani Sinha, Chief Economist, CareEdge Ratings, has said. Also Read | 8th Pay Commission News: Consultation Process Begins, Salary Hike Expected in FY 2026-27. In an exclusive conversation with ANI on Wednesday, she also termed the Reserve Bank of India's (RBI) decision to keep rates u ...Read More >
New Delhi [India], April 8 (ANI): The oil marketing companies (OMCs) are likely to absorb higher crude costs without passing it on to consumers if Brent crude prices remain in the range of USD 85-90 per barrel, Rajani Sinha, Chief Economist, CareEdge Ratings, has said. In an exclusive conversation with ANI on Wednesday, she also termed the Reserve Bank of India's (RBI) decision to keep rates unchanged as appropriate amid global uncertainty. She stated, "As per our analysis, if crude oil prices ...Read More >
BENGALURU: US stock index futures climbed on Wednesday as investors breathed a sigh of relief after the US and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through the Strait of Hormuz could resume. The announcement came less than two hours before US President Donald Trump's deadline, in a sharp turnaround from his previous warning of wiping out "a whole civilization" if Tehran did not reopen the Strait of Hormuz, the narrow waterway that ...Read More >
MUMBAI: 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. "However, the central ...Read More >
Mumbai, Apr 8 (PTI) 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, th ...Read More >
New Delhi [India], April 8 (ANI): Economists and industry leaders on Wednesday largely backed the Reserve Bank of India's decision to keep the repo rate unchanged at 5.25 per cent, saying the central bank's cautious approach is appropriate amid global uncertainties and rising energy prices. Experts said the move reflects a balancing act between controlling inflation and sustaining economic growth. Dipti Deshpande, Principal Economist at Crisil Ltd, said the RBI's decision to maintain the polic ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India's merchandise exports contracted by 0.2 per cent in the first two months of the year, while imports recorded a sharp growth of more than 22 per cent, largely driven by higher gold imports, resulting in a widening trade deficit. Speaking during the monetary policy announcement, the Governor highlighted that the decline in exports was due to a contraction in key global markets ...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 >
The Reserve Bank of India forecasts a slowdown in India's GDP growth to 6.9% due to the West Asia crisis and global supply chain disruptions, impacting commodity prices and export routes. Photograph: Anushree Fadnavis/Reuters Key Points RBI projects India's GDP growth at 6.9% for the current financial year, lower than the previous estimate. Disruptions in key shipping routes due to the West Asia crisis are expected to adversely impact merchandise exports. Sustained momentum in the services sect ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India's merchandise exports contracted by 0.2 per cent in the first two months of the year, while imports recorded a sharp growth of more than 22 per cent, largely driven by higher gold imports, resulting in a widening trade deficit. Speaking during the monetary policy announcement, the Governor highlighted that the decline in exports was due to a contraction in key global markets ...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 (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday reiterated that its intervention in the foreign exchange market is aimed solely at curbing excessive volatility and not at targeting any specific level of the rupee. Speaking during the monetary policy announcement, RBI Governor, Sanjay Malhotra said, "Despite the stronger macroeconomic fundamentals, the Indian rupee in the last financial year depreciated more than average in the previous year.... our exchange r ...Read More >
Mumbai, Apr 8: The Reserve Bank on Wednesday expectedly kept interest rates unchanged amid hopes of a global recovery on the back of ceasefire in the six-week-long US/Israel-Iran conflict. The policy decision comes as a month and a-half-long West Asia conflict has disrupted energy supplies, shot up crude oil prices and created fiscal and inflationary pressures for import-dependent nations like India. This is the first monetary policy review after the government announced a fresh inflation targ ...Read More >
New Delhi [India], April 8 (ANI): Industry experts have suggested that the Reserve Bank of India's Monetary Policy Committee (MPC) choosing to maintain the status quo on policy rates reflects a cautious approach to navigating global uncertainties and domestic growth targets. The Reserve Bank of India kept the policy repo rate unchanged at 5.25 per cent in the first monetary policy announcement of the financial year 2026-27, citing rising global uncertainties and geopolitical tensions. Sujan Ha ...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 >
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