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New US enforcement rules could expose foreign manufacturers and others in the supply chain to criminal charges over false customs filings, raising compliance risks for Indian exporters.
The government has re-appointed Mahindra Group Chairman Anand Mahindra as a part-time, non-official director on the RBI Central Board, while also appointing Somanath Sreedhara Panicker.
Goyal met senior business leaders during his Singapore visit as India looks to expand cooperation in areas including fintech, sustainable infrastructure, agri-exports and commercial parks.
India eased rupee trade rules, allowing exporters to invoice overseas sales and receive payments in INR. This aligns with RBI's 2023 forex regulations.
The RBI’s August minutes have put rate hikes back on the radar, with Goldman Sachs and Bank of America retaining their call for 50 bps of tightening in FY27, even as policymakers signal they will wait for more inflation data.
India’s core sector growth slowed to 5.4% in July from 6% in June, as strong growth in iron ore, cement and electricity was offset by contractions in crude oil, natural gas and fertiliser production.
India has made progress in building domestic capacity, but import dependence remains significant across mining and manufacturing. Crisil’s latest analysis shows where the economy is most exposed — and which products remain particularly reliant on overseas supplies.
Former SEBI Whole-Time Member Ananth Narayan said the RBI should manage interest rates, the rupee and capital flows as one interconnected system. He argued that lower rates can distort savings and capital flows, and suggested tax reforms for fixed-income investments while also backing SEBI's closing auction reforms.
RBI MPC member Saugata Bhattacharya said the next policy move is likely to be a rate hike if inflation remains elevated, but stressed that the decision will depend on incoming data. He warned against falling behind the inflation curve and said recent data points to broader price pass-throughs.
RBI Governor Sanjay Malhotra told the Financial Express that the early FCNR(B) closure was a calibrated, data-driven decision, not a policy U-turn. He expects at least $80 billion in inflows from the three forex schemes.
