Topic

#rbi

2 stories

#india-economy #monetary-policy #currency-markets #inflation #interest-rates

India’s record bank cash surplus fades as RBI curbs rupee bets

India's banking system experienced a sharp drop in excess cash surplus as the Reserve Bank of India maintained tight monetary policy. The central bank's intervention aims to curb currency speculation and stabilize the rupee amid heightened volatility.

3.3K1836

Macro·2 weeks ago

RBI divided over further rate hikes as inflation nears top of tolerance band

Reserve Bank of India meeting minutes reveal internal divisions over implementing further interest rate hikes as inflation pushes toward the upper bound of the tolerance band. Economists now anticipate potential tightening actions at the upcoming December and February policy meetings.

3K1489