Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 5.25% in its first monetary policy announcement following the Union Budget 2026. RBI Governor Sanjay Malhotra revealed the decision after a three-day meeting of the Monetary Policy Committee (MPC) in Mumbai,…
Tag: RBI
RBI Sells $400 Billion in Forex in FY25, Net Sale at $34.51 Billion
In the fiscal year 2024–25, the Reserve Bank of India (RBI) engaged in foreign exchange transactions totaling approximately $400 billion, culminating in a net sale of $34.51 billion. This marks the second-largest annual net sale by the RBI, surpassed only by the $34.92 billion sold…
RBI Slashes Repo Rate by 25 bps: Home, Personal, and Vehicle Loans Set to Decline; GDP Growth Slashed to 6.5%
In a significant policy move aimed at supporting the economy, the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points (bps), bringing it down to 6.25%. This decision is expected to have a direct impact on borrowing costs across various…
Poonam Gupta Appointed as RBI Deputy Governor for Three-Year Term
The Central Government has appointed Poonam Gupta as the Deputy Governor of the Reserve Bank of India (RBI) for a three-year tenure. Gupta, currently serving as the Director General of the National Council of Applied Economic Research (NCAER), will succeed Michael D. Patra, whose term…
RBI Allows Banks to Increase ATM Cash Withdrawal Charges Beyond Free Limit
The Reserve Bank of India (RBI) has permitted banks to increase charges on ATM cash withdrawals beyond the free transaction limit. This decision comes in response to rising operational costs, including ATM maintenance, security, and cash handling expenses. According to the revised guidelines, customers exceeding…
IndusInd Bank Shares Crash 27% Amid Derivatives Portfolio Discrepancy
Bank Assures Stability Despite Market Setback and Regulatory Scrutiny IndusInd Bank Shares Plunge 27% Amid Portfolio Loss Concerns Accounting Discrepancy Triggers Market Panic Mumbai: Shares of IndusInd Bank plummeted over 27% on Tuesday after the bank disclosed discrepancies in its derivatives portfolio, causing panic among…