Quick Summary
Finance Minister Nirmala Sitharaman on Saturday expressed optimism about a durable recovery in consumption, driven by fiscal and monetary policy measures. Meanwhile, Reserve Bank of India (RBI) Governor Sanjay Malhotra emphasized the central bank's vigilance against any depreciation of the rupee that could fuel inflation. The remarks came after the post-Budget board meeting of the RBI, where Sitharaman, accompanied by key officials including all Secretaries and the Chief Economic Advisor, elabo
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FAQ :
She expressed optimism about a durable recovery in consumption, citing early signs like increased FMCG orders for the April-June quarter.
The recovery is expected to be driven by fiscal and monetary policy measures, alongside early signs of private sector investment.
RBI Governor Sanjay Malhotra stated the central bank is vigilant against any rupee depreciation that could fuel inflation and will intervene only in cases of excessive volatility.
A 5 per cent depreciation of the rupee could impact domestic inflation by approximately 30-35 basis points.
The rupee's depreciation is largely attributed to global uncertainties and tariff announcements by former US President Donald Trump.
The government is committed to prudent fiscal management, growth-oriented policies, and fostering an investor- and trade-friendly environment, aiming for 'Viksit Bharat'.
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