Category: Politics

India became the largest customer of Russian oil from 2022, after western countries shunned Russian oil and imposed sanctions on Moscow for its invasion of Ukraine. India has not halted oil purchases from Russia in response to the US President’s tariff threat and continues to buy based solely on economic considerations, said AS Sahney, Chairman of […]

New Delhi, The Reserve Bank of India’s Monetary Policy Committee (MPC) could consider further policy rate cuts if upcoming GDP data falls short of expectations and the US Federal Reserve begins aggressive easing in response to a weaker labour market, a report said on Thursday. Any additional room for easing could open up if growth underperforms […]

Recent declines in India’s forex stockpile signal significant home-and-away central bank interventions in the past fortnight, estimated by some to be worth about $5-$6 billion in the offshore rupee market, to curb excessive depreciation of the local currency, bank treasury officials told ET. Market participants point to at least two instances of the Reserve Bank of […]

The commerce and finance ministries are in dialogue for the Rs 2,250 crore export promotion mission, with the Expenditure Finance Committee expected to take it up soon, an official said on Wednesday. The mission was part of budget announcements but has gathered urgency in the wake of the possible adverse impact of US tariffs on India’s […]

New Delhi, Trump tariffs will not have any impact on India’s growth, as it is not a trade-oriented economy, and its sovereign ratings outlook will continue to remain positive, S&P Global Ratings Director YeeFarn Phua said on Wednesday. In May last year, S&P had upgraded the outlook on India’s sovereign rating of ‘BBB-‘ to positive, citing […]

Rupee-rouble rule: RBI clears path for faster India-Russia payments The Reserve Bank of India (RBI) has taken steps to simplify and accelerate trade settlements in rupees with Russia, a move that comes amid growing interest in rupee-rouble transactions following recent global trade developments, as reported by TOI. Why rupee-rouble trade is in focus The spotlight on […]

Former Reserve Bank of India Governor Duvvuri Subbarao has warned that India faces double pressure from Donald Trump’s proposal to impose a 50 per cent tariff on Indian exports and the risk of Chinese dumping into Indian markets. In an interview with Indian Express, he said these combined pressures could undermine manufacturing competitiveness, slow GDP growth […]

Indranil Bhattacharyya, Executive Director of RBI‘s Monetary Policy Department, is said to join the Monetary Policy Committee (MPC), replacing Rajiv Ranjan, as reported by ET Now, citing sources. Indranil Bhattacharyya was appointed as the Executive Director of RBI’s Monetary Policy Department on March 19, 2025. He is said to replace Rajiv Ranjan, who has been shifted […]

New Delhi [India], August 13 (ANI): The Reserve Bank of India (RBI) has permitted persons resident outside India holding Special Rupee Vostro Accounts (SRVAs) to invest their surplus rupee balances in central government securities, including treasury bills. The RBI has also updated its Master Direction on Non-resident Investment in Debt Instruments to incorporate the operational guidelines […]

RBI projected to cut repo rate by 25 basis points in Q4 2025: HSBC New Delhi, The Reserve Bank of India (RBI) may implement a 25 basis point rate cut in the fourth quarter this year if moderate high-frequency data from June continues, a report said on Wednesday. The high one-year-ahead growth and inflation forecasts from […]