Record central bank gold purchases are revealing something far more significant than confidence in a precious metal they are signalling how the world’s monetary authorities are redesigning their risk and resilience frameworks for an increasingly fragmented global economy. For decades, central banks have been regarded as the world’s most conservative investors. Their primary responsibility is…
The Reserve Bank of India’s Monetary Policy Committee (MPC) kept the policy repo rate unchanged at 5.25% in its April 6-8, 2026 meeting, while retaining a neutral stance. The decision reflects a careful balancing act: inflation remains under control for now, but the West Asia conflict has sharply worsened the global macroeconomic backdrop, raising energy…
In the story of India’s global fintech rise, few moments capture its transformative potential better than the recent linkage between India’s Unified Payments Interface (UPI) and Bahrain’s Fawri+ system. What began as a domestic innovation for instant retail payments has now evolved into an international bridge for real-time, low-cost cross-border transactions rewriting the rules of…
As Shri M. Rajeshwar Rao concludes his distinguished tenure as Deputy Governor of the Reserve Bank of India (RBI) on October 8, 2025, it is an opportune moment to reflect on his significant contributions to India’s financial landscape. Appointed on October 9, 2020, Shri Rao’s leadership spanned pivotal phases, including the post-pandemic economic recovery and…
In a significant leadership appointment, the Government of India has named Shri Shirish Chandra Murmu as Deputy Governor of the Reserve Bank of India (RBI), effective October 9, 2025, for a three-year term. A senior and highly respected central banker, Shri Murmu currently serves as an Executive Director at the RBI and brings with him…
