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RBI

Indian stock markets closed slightly lower on August 6 as RBI held the repo rate steady at 5.5%, triggering market volatility.

The Reserve Bank of India (RBI), under Governor Sanjay Malhotra, has announced that the repo rate will remain unchanged at 5.5%.

The Press Information Bureau’s fact-checking unit has clarified a viral message circulating on social media and WhatsApp claiming that the Reserve Bank of India (RBI) has instructed banks to stop dispensing ₹500 notes from ATMs by September 2025.

The Reserve Bank of India is expected to slash the repo rate by 25 basis points in the Monetary Policy Committee (MPC) meet in August.

India’s fiscal deficit stood at ₹2.8 lakh crore for the April-June quarter, accounting for 17.9 per cent of the full-year estimate for FY26, according to government data released on Thursday.

India’s digital payments grew 10.7% year-on-year as of March 2025, according to the RBI’s Digital Payments Index (DPI).

Unclaimed deposits across Indian banks have soared to an unprecedented ₹67,003 crore as of June 2025, prompting the Reserve Bank of India (RBI) to intensify efforts to reunite account holders with their forgotten funds.

India’s Unified Payments Interface (UPI) has emerged as the world’s most used real-time payment system, according to the International Monetary Fund (IMF).

Despite global uncertainties around tariffs, the Indian economy remains resilient, supported by strong macroeconomic fundamentals, the Reserve Bank of India (RBI) said on Wednesday.

India’s economy will likely grow at 6.5% in FY26, supported by domestic factors despite global challenges, says EAC-PM chief S Mahendra Dev.