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Governors Statement We will celebrate 75 years of our Independence in another ten days. It is a great moment for all of us. I take this opportunity to convey my warm greetings to everyone on this historic occasion. 2. Successive shocks to the global economy are taking their toll in terms of gl
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FAQ :
The RBI Governor pointed out that the globalisation of inflation is coinciding with the deglobalisation of trade, creating significant global economic challenges.
Despite global economic turbulence, India's economy is expected to be among the fastest-growing, with signs of moderating inflation and resilient domestic activity.
The MPC has decided to increase the policy repo rate by 50 basis points to 5.4 per cent and remains focused on withdrawing accommodation to ensure inflation stays within the target range while supporting growth.
EMEs face magnified risks, including domestic growth-inflation trade-offs, spillovers from synchronised global monetary tightening, capital outflows, currency depreciation, and potential debt burdens.
India's foreign exchange reserves, supplemented by net forward assets, provide a buffer against global spillovers. The RBI has also used reserves to curb exchange rate volatility, maintaining India's position as having the fourth-largest global reserves.
The RBI announced measures including enabling Standalone Primary Dealers to offer forex market-making facilities, strengthening outsourcing risk management, enabling cross-border bill payments via BBPS, including Credit Information Companies in the Ombudsman Scheme, and forming a committee to examine MIBOR benchmark transition.
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