The Reserve Bank of India (RBI) will settle a $5 billion dollar-rupee swap maturing on August 4, 2025, without opting for a rollover. This move reflects the central bank’s assessment that liquidity in the Indian banking system is more than sufficient and there is no immediate need to inject additional funds. What is a Dollar-Rupee … Read more
India’s Unified Payments Interface (UPI) reached an unprecedented high on August 2, 2025, processing 707 million transactions in a single day. The figure, confirmed by the National Payments Corporation of India (NPCI), marks a historic moment for the country’s digital payments ecosystem. Over the past few years, UPI has transformed the way Indians make payments—becoming … Read more
The 56th meeting of the Monetary Policy Committee (MPC) was held from August 4–6, 2025, under the chairmanship of Shri Sanjay Malhotra, Governor of the Reserve Bank of India (RBI). Other members present were Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta, and Dr. Rajiv Ranjan. Policy Decision The MPC decided … Read more