The Latest Breaking News from Sanjay Malhotra

RBI moves to quell forex reporting confusion, says individuals need not report imports, export earnings

The RBI on Wednesday clarified that individuals are not required to report imports or export earnings under the new foreign exchange regulations, and said FAQs will be issued shortly to address confusion. Governor Sanjay Malhotra said reporting on the RBI platform is handled by banks and authorised dealers, not traders.

The Economic Times · 2h ago

FCNR-B deposits: Economic benefits outweigh hedging costs, says Sanjay Malhotra

The RBI had introduced the special USD-INR forex swap facility on June 8, 2026, as part of efforts to strengthen foreign exchange reserves and support balance of payments conditions. The facility allowed banks to offer higher interest rates on FCNR(B) deposits by transferring the currency hedging cost to the central…

The Economic Times · 2h ago

India bonds tumble after RBI's first rate hike in nearly four years

In a bid to combat inflation, the Reserve Bank of India has increased the key interest rate to 5.5%. This decision has led to a notable dip in Indian government bonds in the market. Factors such as climbing global oil prices are further complicating the economic landscape. While the 10-year…

The Economic Times · 4h ago

Why Warren Buffett considers interest rates key to stock valuations

RBI’s first repo rate hike in nearly four years highlights why interest rates matter for stock valuations, echoing Warren Buffett’s long-held view that higher rates can weigh on asset prices.

The Economic Times · 7h ago

RBI MPC decision: How should mutual fund investors tweak their portfolio strategy after 25 bps rate hike?

RBI’s 25-basis-point repo rate hike has changed the near-term outlook for mutual fund investors. Experts advise continuing SIPs, staggering lumpsum investments and favouring quality, shorter-duration debt funds. In equities, large caps remain preferred for core allocations, while investors should be selective with small-cap and thematic exposure amid policy uncertainty.

The Economic Times · 7h ago

MDR a small fee, will not have major impact on UPI volumes: RBI Guv Malhotra

Sanjay Malhotra, the Governor of the Reserve Bank of India, commented on the impact of MDR fees on UPI transactions. He expressed confidence that transaction volumes will remain stable despite the new fee structure. Additionally, Malhotra discussed strong credit growth and its positive effects on economic activity. He reassured that…

The Economic Times · 8h ago

Indian rupee FX premiums jump after RBI policy leaves traders bracing for more sell/buy swaps

On Wednesday, after the Reserve Bank of India's policy meeting, dollar-rupee forward premiums soared, marking the highest implied 1-year dollar/rupee forward premium seen in six months. With traders expecting more foreign exchange swaps as part of the RBI's liquidity management strategy, the spot USD/INR increased by 0.28%, edging closer to…

The Economic Times · 8h ago

Pine Labs, CAMS, Moneyview, other fintech stocks rally up to 11% after RBI MPC move. Here’s why

Shares of Pine Labs, Moneyview and other fintech firms rose after the RBI announced interoperability among NBFC account aggregators. The move will let customers share financial information across different account aggregators through a single account, without fresh registration, subject to their consent.

The Economic Times · 8h ago

RBI hikes rate, but analysts see shift to ‘calibrated tightening’ as bigger takeaway. How can this impact markets?

RBI’s 25-bps repo rate hike to 5.50% was largely expected, but its shift to ‘calibrated tightening’ surprised markets and signals that near-term rate cuts are unlikely. Analysts expect selective pressure on rate-sensitive sectors, while banks with stronger balance sheets may remain relatively better placed amid rising inflation and crude prices.

The Economic Times · 9h ago

RBI allows Sebi-regulated depositories to show bank deposit details in consolidated A/C statements; what it means for you

The RBI announced measures to enhance customer convenience, including allowing SEBI-registered depositories to include bank deposit details in consolidated account statements (CAS) and enabling interoperability among NBFC-Account Aggregators. Both measures will be operational by December 31, 2026. The central bank also announced a Technical Consultative Committee for Financial Markets to…

The Economic Times · 10h ago