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RBI pause reflects a wait-and-watch approach amid global uncertainties and the impact of the previous rate cuts

With multilateralism slowing, India is pursuing new trade pacts, including with the US and EU. Nearly 95 per cent of Indian farm goods will get duty-free UK access

Both growth and price stability equally important, says RBI Governor

The RBI allows a single foreign institution to hold 15 per cent in a lender and has made some exceptions like that of CSB Bank, and, recently, Japan’s SMBC

Gross foreign direct investment (FDI) inflows remained strong, rising by around 14 per cent to USD 81 billion in 2024-25, from USD 71.3 billion a year ago. However, net FDI inflows moderated to USD 0.4 billion in 2024-25, from USD 10.1 billion a year ago.

RBI Governor Sanjay Malhotra announced a 50 bps repo rate cut to 5.5% amid falling inflation, now at 3.2%. The central bank also slashed CRR by 100 bps in phases, while shifting its policy stance from accommodative to neutral.

The Reserve Bank of India had transferred Rs 2.1 lakh crore dividend to the government for the fiscal 2023-24. It was Rs 87,416 crore for 2022-23

The RBI Governor’s remarks came at a media briefing on being asked if more interest rate cuts are in the offing

The present framework limits co-lending to partnerships between banks and non-banking financial companies (NBFCs) to priority sector lending such as agriculture, micro-enterprises and loans to weaker sections

The design of these notes is similar in all respects to Rs 100 and Rs 200 banknotes in Mahatma Gandhi (New) Series, RBI said in a statement

RBI’s change in stance is aimed at supporting growth but expectations must be tempered, given the uncertainties of the global economic environment