Bihar Conclave 2025

Sanjay Malhotra

India’s forex reserves rose by $3.51 billion to reach $694.23 billion for the week ending 29 August, according to data released by the Reserve Bank of India (RBI) on Friday.

RBI’s June 2025 report highlights the resilience of India’s financial system, backed by strong banks, NBFCs, and stable inflation.

India’s forex reserves rose to $686.14 billion, the highest since November 2024, showcasing the economy’s resilience.

In a bid to accelerate economic growth, RBI Governor Sanjay Malhotra announced a 25 basis point reduction in the policy repo rate.

India's retail inflation based on the Consumer Price Index (CPI) eased to a 7-month low of 3.61% in February.

The government has appointed Revenue Secretary Sanjay Malhotra as the next Reserve Bank of India (RBI) Governor for three years.