Reserve Bank of India News

India's Services Sector Hits 11-Month Peak in July: Export Orders and Sales Fuel Growth Amid Slowing Job Creation

India's services sector reached an 11-month high in July, fueled by export orders and sales growth, despite a slowdown in job creation and rising prices. The HSBC India Services PM...

ADB Slashes India's FY26 GDP Growth Forecast to 6.5% Amid Global Trade War and Tariff Uncertainties

The Asian Development Bank (ADB) has lowered India's FY26 GDP growth forecast to 6.5%, citing global trade uncertainties and US tariff impacts. Despite this, India's economy remain...

Cash Reigns Supreme: India's Currency Circulation Hits Rs 38.1 Lakh Crore, Marking a 2.4% Growth

India's currency circulation grows by 2.4% to Rs 38.1 lakh crore, driven by rural demand. Despite digital payment growth, cash remains king, accounting for 60% of consumer spending...

India's WPI Inflation Hits 13-Month Low at 0.9%, Sparking Rate Cut Speculations

India's wholesale price inflation dropped to a 13-month low of 0.9% in April, driven by lower food, fuel, and manufactured product prices, raising hopes for an RBI rate cut in June...

India's Economic Growth Faces Challenges: Private Investment Stalls Amid US Tariff Threats

India's GDP growth outlook for FY2024-25 is trimmed to 6.3%, impacted by stalled private investment and looming US tariffs. Economists point to structural issues and the need for r...

RBI Deputy Governor T Rabi Sankar Secures Second One-Year Extension Till May 2026

The Indian government has extended RBI Deputy Governor T Rabi Sankar's term for another year until May 2026, marking his second extension. This move reflects the government's trust...

February Sees Retail Inflation Drop to a 7-Month Low at 3.6%, Signaling Potential Rate Cuts

Retail inflation in India dropped to a seven-month low of 3.6% in February, thanks to easing food prices. This development opens the door for potential interest rate cuts by the Re...

December Sees Retail Inflation Drop to a 4-Month Low at 5.2%, Signaling Easing Food Prices

Retail inflation in India fell to a four-month low of 5.2% in December, driven by lower food prices, yet remains above the 5% threshold. The moderation in food prices, especially v...

December 2024 Sees Consumer Price Inflation Dip to Four-Month Low at 5.22%

Consumer price inflation in December 2024 fell to a four-month low of 5.22%, down from 5.48% in November, mainly due to lower food prices. The Reserve Bank of India adjusted its in...

Rupee Hits 85/$ Mark Amid Fed's Rate Cut Uncertainty

The Indian rupee breached the 85 level against the US dollar due to the Federal Reserve's indication of fewer rate cuts, leading to dollar strength and concerns over RBI's response...

November Sees Easing Inflation and Steady Industrial Growth in India

India's November CPI inflation eased to 5.48%, and October's IIP growth rate was 3.5%. The retail inflation is now within RBI's target range of 2-6%.