On the 18th floor of the Reserve Bank of India’s (RBI) Mumbai office tower, governor Sanjay Malhotra is mindful of the legacy of the illustrious institution. For the 26th governor,…
Category: Economy
RBI feels rupee may be undervalued now
The Indian rupee is not overvalued and may, in fact, be undervalued after its recent slide, Reserve Bank of India Governor Sanjay Malhotra said in an interview with Mint. This…
RBI transfers record ₹2.87 trillion dividend to Centre, raises risk buffers
The Reserve Bank of India on Friday approved a record dividend transfer of ₹2.87 trillion to the central government for fiscal year 2026 (FY26) while sharply increasing provisions towards its…
Oil jumps 2% as Iran-US peace prospects remain uncertain despite ongoing talks
Global oil prices rose around 2% on Friday morning after declining in the previous session, as continuing uncertainty over Iran-US peace negotiations kept crude markets volatile. Oil traded higher amid…
After excise duty cut, BJP-ruled states may cut duty on VAT
States ruled by the Bharatiya Janata Party (BJP) may lower value-added taxes (VAT) on transport fuel following the Centre’s excise duty cut, four people aware of the plans said. An…
India weighs rate hike to steady the rupee
The Reserve Bank of India is considering all of its available options to stabilize the rupee, including an interest rate hike, more currency swaps and raising dollars from investors overseas,…
India factory growth likely slowed in May as manufacturing loses momentum amid Iran war, services stay resilient
NEW DELHI: India’s private-sector economy likely lost some momentum in May as the West Asia conflict and softer demand conditions weighed on manufacturing and services, even as overall activity remained…
Oil prices trade marginally higher as traders await clarity on peace deal, Trump says ‘no hurry’ on deal with Iran
Global oil prices rose marginally on Thursday morning as traders awaited clarity on a possible peace deal between Iran and the US. Prices edged higher after falling around 6% in…
Melody to ears? India’s toffee exports are on a roll
India’s exports of toffees and similar confectionery products grew over 10% in volume and 166% in rupee terms since FY14, reaching as many as 74 countries during the period. India’s…
India’s core sector growth edges up to 1.7% in April on steel, cement boost
New Delhi: India’s core infrastructure sector growth rose 1.7% year-on-year in April, up from 1.2% in March, driven by strong output in steel, cement and electricity, even as five of…