News about Sanjay Malhotra

RBI Governor Sanjay Malhotra, speaking at the NDTV World Summit 2026, said the central bank does not target any price or level for the rupee, but will keep taking necessary measures against speculation and excessive volatility to maintain orderly forex markets. He said global inflation is elevated while growth is lower, with the IMF projecting 3.1% growth this year, and that geopolitical tensions, supply-chain disruptions and the West Asia conflict have made central bankers' job harder. Malhotra said India's inflation has risen steadily since February, largely due to supply-side pressures, to 5.5%, and that the RBI had raised its policy repo rate by 25 basis points. He stressed that controlling inflation is the top goal, while ensuring financial stability.

RBI Governor Sanjay Malhotra said at the NDTV World Summit 2026 in New Delhi that the central bank does not target any price or level for the rupee, but will keep curbing speculative activity and excessive volatility to ensure orderly conditions in the forex market. He said geopolitical tensions, supply chain disruptions, the West Asia conflict and trade uncertainties are making central banks' work more challenging, while global inflation is elevated and the IMF projects global growth at 3.1% this year. Most economies have raised policy rates, except a few countries including Japan and Sweden. In India, inflation has risen steadily, largely due to supply-side pressures, to 5.5%, and the RBI has raised its policy repo rate by 25 basis points, with price stability and financial stability as its primary goals.