Banking

The Reserve Bank of India (RBI) is not in a hurry to raise interest rates amid ongoing uncertainty over the inflation outlook, Governor Sanjay Malhotra has said, indicating a cautious and data-driven approach to monetary policy. Speaking to a television news channel, Malhotra said it was “premature” to discuss any immediate tightening of policy and stressed that the Monetary Policy Committee (MPC) would have shifted its stance if rate hikes were imminent. He added that the central bank’s decision to retain a neutral stance reflected elevated economic uncertainty. His comments come at a time when global crude oil prices have…

India is reportedly in discussions with multilateral lenders, including the World Bank and the Asian Development Bank (ADB), to secure around $2.5 billion in funding as the government seeks additional financial support amid a widening fiscal gap. According to a Bloomberg report, the proposed funding comes as New Delhi looks to strengthen its spending capacity following external pressures, including disruptions linked to geopolitical tensions in West Asia. The World Bank is said to be considering loans worth approximately $1.5 billion, while the ADB may provide around $1 billion. The funds are expected to be disbursed through existing credit lines, with…