Brief by Shorts91 Newsdesk / 04:45am on 16 Oct 2025,Thursday Business
Reserve Bank of India Governor Sanjay Malhotra stated US tariff measures under President Trump don't significantly threaten India's economy, citing its domestic-driven resilience. Speaking at IMF-World Bank Fall Meetings in Washington, Malhotra acknowledged unprecedented global uncertainties but emphasized India's strong macroeconomic fundamentals through prudent policies. He expressed cautious optimism about trade negotiations with Washington. Addressing rupee volatility amid tariff announcements, Malhotra reiterated RBI's market-driven approach while ensuring orderly movements and curbing abnormal fluctuations. The RBI prevented rupee from breaching its September 30 record low of 88.80. MPC unanimously maintained the repo rate at 5.5 percent despite softer inflation outlook, with Malhotra stating it's not the opportune time for rate cuts. (PC: Mint)
