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 as a countermeasure to persistent external shocks, elevated crude oil prices and signs of broader inflationary pressures, an SBI research report said on Friday.
“Just one month back, there were practically not much talks of rate hikes, and most (if not all) expected a
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