RBI Governor Malhotra calls on Finance Minister Sitharaman
India, Sept. 15 -- Reserve Bank of India Governor Sanjay Malhotra met Finance Minister Nirmala Sitharaman on Monday.
"Sanjay Malhotra, Governor-@RBI calls on @nsitharaman," the office of the finance minister said in a post on X. The meeting comes weeks after India logged a record 7.8 per cent GDP growth in the first quarter of the current financial year despite global uncertainties.
The next meeting of the Monetary Policy Committee (MPC), the RBI's rate-setting panel, is scheduled for October 5-7, 2026.
In August, the central bank kept the short-term lending rate (repo) unchanged at 5.25 per cent for the fourth time in a row. The Reserve Bank should raise the benchmark interest rate by 25 basis points next month and again in December a...
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