RBI cuts inflation forecast to 4 per cent for 2025-26

IANS | April 9, 2025 12:44 PM

Mumbai, April 9 (IANS) The Reserve Bank’s Monetary Policy Committee has reduced its inflation forecast for 2025-26 to 4 per cent from 4.2 per cent earlier as the “outlook for food inflation has turned decisively positive,” RBI Governor Sanjay Malhotra said on Wednesday.

RBI lowers GDP growth forecast to 6.5 pc for 2025-26 as global uncertainties spike

IANS | April 9, 2025 11:59 AM

Mumbai, April 9 (IANS) The RBI’s monetary policy committee has reduced its projection for India’s GDP growth in 2025-26 by 20 basis points to 6.5 per cent from 6.7 per cent due to global trade and policy uncertainties in the wake of the US tariff hikes, Reserve Bank of India Governor Sanjay Malhotra said on Wednesday.

RBI to issue new guidelines for gold loans

IANS | April 9, 2025 11:16 AM

Mumbai, April 9 (IANS) RBI Governor Sanjay Malhotra announced on Wednesday that it has been decided to issue comprehensive regulations on prudential norms and conduct-related aspects for gold loans following concerns raised over the issue.

Trump's 'reciprocal' tariffs on South Korea, other countries, take effect

IANS | April 9, 2025 9:53 AM

Washington, April 9 (IANS) The United States' reciprocal tariffs, including 25 per cent duties for South Korea, went into effect on Wednesday, as America's trading partners are seeking to negotiate a deal to reduce tariff rates and minimise the potential impact of President Donald Trump's trade policy on their economies.