RBI’s Status Quo Snooze: Cheaper Groceries, But No Relief for Your Wallet Yet
In a move as predictable as Mumbai’s monsoon traffic, the RBI’s Monetary Policy Committee yesterday opted for a grand pause—keeping […]
Sanjay Malhotra
RBI Governor Malhotra Highlights India’s Commitment to Combating Financial Crimes at FATF Forum
The Reserve Bank of India (RBI) governor Sanjay Malhotra on March 26 iterated India’s commitment to combat financial crimes addressing
All You Need to Know About Sanjay Malhotra, the New RBI Governor
Malhotra holds a strong academic background, with degrees in engineering from the Indian Institute of Technology (IIT)
New RBI chief faces calls to unshackle rupee amid surging dollar
The RBI’s foreign-exchange reserves, which hit a record high of $705 billion in September, slid to an eight-month low of $640 billion as of December 27. The erosion roughly coincided with Donald Trump’s latest presidential election victory. The authority’s forwards book also showed a shortfall of about $60 billion as of November. This means it will have to buy a matching amount to settle maturing contracts or deplete its reserves further.