KEY HIGHLIGHTS
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RBI Press Conference Live: Rupee Is 'Quite' Stable, Said Governor Malhotra
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RBI Press Conference Live: Impact Of Tariffs On India To Be Much Less Than Other Countries
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RBI Press Conference Live: Not Tighten Norms On Gold Loans, Said Sanjay Malhotra
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RBI Press Conference Live: Government, RBI To Jointly Manage Growth-Inflation Dynamics
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RBI Press Conference Live: More Concerned About Impact Of Tariffs On Growth
RBI Monetary Policy Live: Focus On Adequate Liquidity Brings Confidence To Lenders, Borrowers, Says PNB Housing
The RBI’s focus on ensuring adequate liquidity and enhancing credit availability provides confidence to both lenders and borrowers, said Girish Kousgi, managing director and chief executive officer at PNB Housing Finance.
"We see this as an opportunity to further strengthen our retail loan portfolio and support the government’s vision of ‘Housing for All.’ We expect this policy stance to positively influence buyer sentiment and encourage more people to fulfil their aspiration of owning a home.” said Mr. Girish Kousgi, MD&CEO PNB Housing Finance
RBI Press Conference Live: Will Wait For Audit Report On IndusInd Bank, No Need To Speculate, Said RBI Governor
The RBI Governor Sanjay Malhotra on Wednesday said that there is no need to speculate on IndusInd Bank and will have to wait for the audit report. He further added that through various means there is a need to ensure such events occur less frequently. He further added that he would not like to get into individual entities.
RBI Press Conference Live: KYC Continues To Be Priority, Says RBI Governor
KYC is still a topic of priority for the RBI, said Governor Malhotra. He further added that the RBI is looking for making the KYC process simple, easier and at the same time cheaper. In order to do this RBI is working with the Banks and the other parties. However, this is a difficult process as there are many regulators in India and it will take time as banks need to bring changes in its systems.
RBI Press Conference Live: Rupee Is 'Quite' Stable, Said Governor Malhotra
Rupee is quite stable, and India has sufficient reserves said RBI Governor Sanjay Malhotra. India's deficit is sustainable going forward and according to him India is not in any stressful situation.
He further added that there is a need for good growth in capital.
RBI Press Conference Live: Impact Of Tariffs On India To Be Much Less Than Other Countries
Talking on the tariffs RBI Governor Sanjay Malhotra said that the impact of tariffs on India will be lesser in comparison to the other countries. India will have a comparative advantage and RBI will intervene if there is an excessive volatility in Rupee.
RBI Press Conference Live: Not Tighten Norms On Gold Loans, Said Sanjay Malhotra
RBI Governor Sanjay Malhotra discussing on gold loans said that he never mentioned tightening of norms on loans against gold. It is an extension to the conduct side he added.
The guidelines on the NBFCs have been extended to the banking sector.
RBI Press Conference Live: Increase In Risk-Weight On Personal Loans Was Done To Match Pre-COVID Levels
If you look at the banking or the personal loan the system is solid, said Governor Malhotra. He said that in terms of personal loan the risk-weight has been increased to match the pre-COVID level.
He further said that the weightage was increased on the unsecured personal loan in order to differentiate between both.
RBI Press Conference Live: Government, RBI To Jointly Manage Growth-Inflation Dynamics
Looking at the current situation the government and the Reserve Bank of India both will have to take a joint effort in managing growth and inflation, said Governor Malhotra.
He further added that the government has already done its bit in the Union Budget and the RBI is also taking the necessary actions.
"We will jointly try to manage growth and inflation," Governor Malhotra told NDTV Profit.
RBI Press Conference Live: More Concerned About Impact Of Tariffs On Growth
Globally most forecast of global growth rate have come down due to the tariffs and similarly there is mixed response on inflation said RBI Governor Sanjay Malhotra.
For India he said the growth rate has been reduced by 20 bps amid the uncertainty. On inflation front RBI has said that it could move both ways due to the tariffs, as it could help in terms of inflation. "So all in all we are concerned about its impact on growth," said Governor.
RBI Press Conference Live: Where To Watch
Watch RBI Governor address the press conference here.
RBI MPC Meet Live: RBI To Issue Comprehensive Norms On Gold Loans — 6 Key Measures Announced
The Reserve Bank of India has announced six key measures as part of its monetary policy — the first for this financial year — including issuing comprehensive guidelines on gold loans that it will release on Wednesday, Governor Sanjay Malhotra said.
Read full story here.
RBI MPC Meet Live: RBI To Cut Rate By Additional 50-75 Bps, Says Vineet Agrawal
The RBI cut interest rate by 25 bps and shifted its stance to accommodative, a positive signal for the industry. Vineet Agrawal, Co-founder Jiraaf expects there to be additional 50-75 bps cuts in the remaining calendar year.
"The RBI has cautiously outlined a strong growth path by maintaining the expected GDP growth rate at 6.5%. Inflation continues to moderate with oil prices lowering and food inflation sharply reducing, paving the way for further cuts," said Agrwala.
RBI MPC Meet Live: Rate Cut To Help Improve Investor Confidence, Says Hindustan Power Chairman
The Reserve Bank of India’s decision to reduce the repo rate by 25 basis points comes at a crucial time and is expected to have a positive cascading effect across all capital-intensive sectors in the country, said Ratul Puri Chairman, Hindustan Power
"For the power industry, access to lower-cost financing is essential to accelerate infrastructure development, invest in clean energy projects, and modernize grid systems. The reduction in borrowing costs will ease the financial burden on existing projects and enhance the viability of new investments, especially in the renewable energy space where long-term funding plays a critical role," Puri said.
This step will help in improving investor confidence and support the sector’s broader mission of providing reliable, sustainable, and affordable energy to the nation Puri added.
RBI MPC Meet Live: Gold Loan NBFC Stocks Fall After RBI Announces Fresh Norms
Shares of Cholamandalam Financial Holdings Ltd., IIFL Finance Ltd., Muthoot Finance Ltd., Cholamandalam Investment and Finance Co. and Manappuram Finance Ltd. declined after the Reserve Bank of India announced it will issue comprehensive regulations on prudential norms for gold loans.
RBI MPC Meet Live: Downward Revision In Growth Reflects Caution, Says Knight Frank
The RBI has revised the growth outlook and this according to Shishir Baijal, Chairman and Managing Director, Knight Frank India reflects caution over global trade tensions. However he said that there is optimism for domestic recovery.
"A drop in crude prices and a stronger rupee have eased inflation, leading to a revised target of 4%. With a cumulative 50 basis point cut in 2025, it is now vital for commercial banks to transmit the benefit to consumers. Lower borrowing costs can aid housing affordability, developer funding, and infrastructure growth,” said Baijal.
RBI MPC Meet Live: Nifty Bank Rebounds Before Slumping
Nifty Bank was trading lower by 0.54% on Wednesday, even as the Reserve Bank of India cut the repo rate and changed its stance following its Monetary Policy Committee meet. The fall reflects a broader market trend as the Nifty 50 declined over 0.70%, after US tariffs came into effect.
Read full story here.
RBI MPC Live Updates: Investors Still Looking At Three Rate Cuts, Says Jayesh Mehta
After RBI cut rates on Wednesday Jayesh Mehta of DSP Finance said that investors are still looking at three rate cuts with no change in rate cut outlook. He further said that the environment will remain volatile till clarity emerges on the tariff situation.
According to Mehta bond yields will come off sharply if there is no reversal in the tariff situation.
RBI MPC Live Updates: Reduction In Lending Rates Will Boost Housing Demand
The RBI has cut its interest rate by 25 bps this according to Vimal Nadar, Head of Research at Colliers India will reduce benchmark lending rates and will resultantly improve housing demand particularly in affordable and middle-income segments.
"Overall demand and real estate growth is likely to be on the upswing, given the anticipation of further easing in monetary policy. However, global headwinds and trade frictions will remain a key monitorable for all economic sectors including real estate,” said Nadar.
RBI MPC Live Updates: NPCI To Decide On Person-To-Merchant Payments, Says RBI Governor Malhotra
National Payments Corporation of India will be enabled to set the limit on person-to-merchants transactions via UPI, said RBI Governor Sanjay Malhotra on Wednesday.
Read full story here.
RBI MPC Live Updates: 25 Basis-Point Rate Cut, 'Accommodative' Stance, FY26 GDP Forecast And More
In its latest monetary policy review, the Reserve Bank of India made several significant announcements. Here are the five key highlights:
Repo Rate Cut by 25 Basis Points
Stance Changed to Accommodative
Growth Projection Cut for GDP
Inflation Has Cooled Down, Said RBI Governor
Exports Will Be Weighed Down By Tariffs
Read full story here.
RBI Repo Rate Cut Live: Moody Sees Cumulative Easing Of 75 Bps In 2025
According to Katrina EII, Policy Director Economic Research Moody's Analyst the RBI has delivered where it was needed. "The fact that the stance has changed means there is more easing coming this year," Ell told NDTV Profit.
She further added that their baseline view is that there could be cumulative easing of 75 bps over 2025, but she further added that the door is open for even more easing.
She also said that the RBI Governors message was clear that the central bank will provide support to Indian economy amid turbulent time.
RBI Repo Rate Cut Live: Governor Announces Six Additional Measures Relating To Banking Regulation
RBI Governor Sanjay Malhotra announced six additional measures related to banking regulation:
Securitisation of stressed assets through market-based mechanism to be allowed with modifications.
Proposed to extend co-lending rules that are currently applicable to NBFCs to all regulated entities and all loans.
To issue comprehensive regulations on prudential norms for gold loans.
To enable NPCI to decide transaction limits in UPI for person to merchant transactions.
Current limit for UPI transactions for person to merchant currently at Rs 2 lakh. RBI Governor further added that there will be no change in person-to-person limits via UPI.
Making regulatory sandbox theme-neutral and on-tap.
RBI Repo Rate Cut Live: Gross FDI Remains Strong, Says Governor
Gross FDI has remained strong said Governor Malhotra. He further said that the net FDI moderated sharply due to higher repatriation and outward FDI.
Speaking about the borrowings he said that the external commercial borrowings has witnessed higher inflows compared with last year.
RBI Repo Rate Cut Live: CPI Inflation For FY26 Projected At 4%
CPI inflation in FY26 is projected at 4%, the RBI Governor said on Wednesday. For the first quarter it is seen at 3.6%, for the second quarter it is at 3.9% and in the third and fourth quarter it is at 3.8% and 4.4%, respectively.
RBI Repo Rate Cut Live: Real GDP For FY26 Projected At 6.5%
Real GDP for fiscal 2026 projected at 6.5% said RBI Governor. For the first quarter it is at 6.5%, for the second quarter it is at 6.7% and for the third and fourth quarter it is at 6.6% and 6.3% respectively.
RBI Monetary Policy Live Updates: Growth Projection For FY26 Trims By 20 Bps
Growth projection for fiscal 2026 has been marked down by 20 basis points to 6.5%, said RBI Governor Sanjay Malhotra.
Read full story here.
RBI Monetary Policy Live Updates: RBI MPC Changes Stance To Accommodative
MPC has decided to change stance from neutral to accommodative. While 'Accommodative' stance usually entails easy monetary policy geared towards stimulating economy, 'Neutral' stance associated with state of economy that neither calls for stimulation of growth or curbing inflation.
The change in stance of monetary policy for RBI signals intended direction of policy rate going forward, said RBI Governor Sanjay Malhotra.
RBI Monetary Policy Live Updates: Governor Sanjay Malhotra On Inflation
RBI Governor Sanjay Malhotra said that the inflation is currently below target and is supported by sharp fall in food prices.
"There is greater confidence of durable alignment of headline inflation with target of 4% over 1-year timeframe," he further added.
RBI Monetary Policy Live Updates: Standing Deposit Facility Under LAF Stands Adjusted to 5.75%
Standing deposit facility under LAF stands adjusted to 5.75% said RBI Governor Sanjay Malhotra. The MSF rate and the bank rate adjusted to 6.25%.
RBI Monetary Policy Live Updates: Interest Rate Cut By 25 Bps
The RBI has cut interest rate by 25 basis points to 6% said RBI Governor Sanjay Malhotra.
RBI MPC Meeting Live: Global Economic Situation Is Changing
RBI Governor Global Sanjay Malhotra in his address after the MPC meet pointed out that economic situation is fast changing.
RBI MPC Meeting Live: Expect Further Rate Cuts In June And August
Pranjul Bhandari of HSBC expects the RBI to cut rates by 25 bps in todays meeting. She further added that there could be further rate cuts in June and August.
RBI MPC Meeting Live: Expect Inflation To Be Below RBI Target For A Year
The world has been continuously dealing with shocks post the Covid-19, said Pranjul Bhandari of HSBC. She said India's biggest domestic strength is declining inflation and it is expected to remain below the RBI target this year.
RBI MPC Meeting Live: Where To Watch
Watch RBI Governor Sanjay Malhotra address the press conference in Mumbai where he will announce the decision of the MPC on interest rate.
RBI MPC Live Updates: Rupee At Three Week Low Against US Dollar
Rupee weakened 41 paise to 86.66 against US dollar ahead of RBI MPC meet.
Rupee ended at 86.25 a dollar on Tuesday
Source: Bloomberg
RBI Repo Rate Cut Live: Trend So Far
The RBI MPC committee since the beginning of the COVID-19 pandemic had first cut rate in February. The MPC slashed the repo rate by 40 bps to 4% in May 2020. Since 2022, the repo rate has been increasing, and it eventually rose to 6.5%.
RBI MPC Live Updates: Banking System Liquidity Status
The front-loading of liquidity infusion by RBI indicates that intent is to make system liquidity a significant surplus on a consistent basis, to ensure transmission of rate cuts, Gaura Sengupta, chief economist at IDFC First Bank, said. System liquidity is likely to be surplus - 1% to 2% of NDTL in Q1FY26. Hence, the argument can be made to change the stance to accommodative from neutral in the April policy. However, given volatile global situation and uncertainly on Fed action, the RBI may choose to retain the neutral stance in April policy, she said.
RBI MPC Live Updates: Nifty, Sensex Open Lower
The NSE Nifty 50 and BSE Sensex opened lower on Wednesday ahead of the Reserve Bank of India's monetary policy announcement. Infosys Ltd. and State Bank of India led the declines following US President Donald Trump's announcement on imposing 104% tariff on China.
The Nifty 50 opened 0.34% lower at 22,460.30, while the Sensex fell 0.17% to 74,103.83.
Follow live market action here.
RBI MPC Meeting 2025 Live: 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.5%, ahead of the RBI Monetary Policy Committee decision on the repo rate.
Source: Bloomberg
RBI MPC Meeting Live Updates: Rupee Weakens Ahead Of Rate Decision
The Indian rupee weakens by 20 paise to open at 86.45 against the US dollar. It closed at 86.25 on Tuesday.
Source: Bloomberg
RBI Monetary Policy Live: Date And Time
RBI Governor Sanjay Malhotra is set to announce the decision of the six-member Monetary Policy Committee on Wednesday, April 9, at 10:00 a.m.
RBI MPC Meeting Live: CPI Inflation View
India's consumer price index-based inflation moderated to 3.61% in February from 4.26% in January. Food and beverage inflation eased to 3.84% in February from 5.68% in January. The decline was led by vegetable inflation, which contracted by 1.07% in February, after rising by 11.35% in the previous month. Inflation also fell below the central bank's target of 4% for the first time in six months, with expectations that it remained low in March.
FY25 average CPI inflation is estimated at 4.7% year-on-year, and it is estimated at 4% in FY26, she estimated. "Assuming a real rate of 1.5%, we forecast the terminal policy rate at 5.5% by December 2025," said Aastha Gudwani, India chief economist at Barclays.
RBI Monetary Policy Live Updates: Committee Schedule For 2025-2026
The next RBI Monetary Policy Committee meetings for financial year 2025-26 will be held on the following dates:
June 4-6, 2025
Aug. 5-7, 2025
Sept. 29-Oct. 1, 2025
Dec. 3-5, 2025
Feb. 4-6, 2026
The central bank holds six bi-monthly meetings annually. Previous meeting in this financial year took place in February.
RBI MPC Live Updates: February 2025 Highlights
In its previous meeting in Feb. 2025, the MPC, led by the RBI Governor Sanjay Malhotra, unanimously decided to reduce the repo rate by 25 basis points, reducing it from 6.5% to 6.25%.
It was the first rate cut since the beginning of the COVID-19 pandemic, when the MPC slashed the repo rate by 40 bps to 4% in May 2020. Since 2022, the repo rate has been increasing, and it eventually rose to 6.5%.
Key takeaways from RBI Governor Sanjay Malhotra's speech:
MPC voted unanimously to cut policy repo rate by 25 bps.
MPC also decided unanimously to continue with 'neutral' stance.
MPC to remain unambiguosly focused to bringing inflation to target on durable basis.
RBI Monetary Policy Expectations
The Reserve Bank of India is expected to cut the benchmark lending rate in April, even as it continues to frontload liquidity to ensure rate transmission.
All economists polled by Bloomberg expect the MPC to cut the rate, at least by 25 basis points.
"We expect the RBI to cut by another 25 basis points on April 9, while retaining the stance as neutral," said Aastha Gudwani, India chief economist at Barclays.
Read full story here.
RBI Monetary Policy Decision Today
The Monetary Policy Committee or MPC of the Reserve Bank of India chaired by Governor Sanjay Malhotra began its 3-day MPC meeting on Monday, April 7, to discuss the first monetary policy for the financial year 2025-26. Key areas of the decision-making process included interest rates, inflation and growth outlook.
Malhotra will announce the decision of the six-member MPC at 10:00 a.m.
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