Monetary Policy

Participants from the Reserve Bank of India: Shri Sanjay Malhotra - Governor, Reserve Bank of India Shri T. Rabi Sankar - Deputy Governor, Reserve Bank of India Shri Swaminathan J - Deputy Governor, Reserve Bank of India Dr. Poonam Gupta - Deputy Governor, Reserve Bank of India Shri Shirish Chandra Murmu - Deputy Governor, Reserve Bank of India Dr. Ajit Ratnakar Joshi - Executive Director, Reserve Bank of India Shri Sanjay Kumar Hansda - Executive Director, Reserve Bank of India Shri Indranil Bhattacharyya - Executive Director, Reserve Bank of India Moderator: Shri Brij Raj - Chief General Manager, Reserve Bank of India Brij Raj: Good afternoon, everyone. Welcome to this Post-Policy Press Conference, Sixth for the Financial Year 2025-26. We have with us, Governor, Reserve Bank of India - Shri Sanjay Malhotra along with Deputy Governors - Shri T. Rabi Sankar, Shri Swaminathan J, Dr. Poonam Gupta and Shri Shirish Chandra Murmu. We also have with us today, Executive Directors, Dr. Ajit Ratnakar Joshi, Shri Sanjay Kumar Hansda and Shri Indranil Bhattacharyya. I also welcome my other colleagues from the Reserve Bank.

Participants from the Reserve Bank of India: Shri. Sanjay Malhotra – Governor, Reserve Bank of India Shri T. Rabi Sankar – Deputy Governor, Reserve Bank of India Shri Swaminathan J – Deputy Governor, Reserve Bank of India Dr. Poonam Gupta – Deputy Governor, Reserve Bank of India Shri Shirish Chandra Murmu – Deputy Governor, Reserve Bank of India Dr. Ajit Ratnakar Joshi – Executive Director, Reserve Bank of India Shri Indranil Bhattacharyya – Executive Director, Reserve Bank of India Shri Sanjay Kumar Hansda – Executive Director, Reserve Bank of India

Participants from the Reserve Bank of India: Shri Sanjay Malhotra – Governor, Reserve Bank of India Shri M. Rajeshwar Rao – Deputy Governor, Reserve Bank of India Shri T. Rabi Sankar – Deputy Governor, Reserve Bank of India Shri Swaminathan J – Deputy Governor, Reserve Bank of India Dr. Poonam Gupta – Deputy Governor, Reserve Bank of India Shri Indranil Bhattacharyya – Executive Director, Reserve Bank of India Dr. Ajit Joshi – Executive Director, Reserve Bank of India Moderator: Shri Puneet Pancholy – Chief General Manager, Reserve Bank of India

Participants from the Reserve Bank of India: Shri Sanjay Malhotra – Governor, Reserve Bank of India. Shri M. Rajeshwar Rao – Deputy Governor, Reserve Bank of India Shri T. Rabi Sankar – Deputy Governor, Reserve Bank of India Shri Swaminathan J. – Deputy Governor, Reserve Bank of India Dr. Poonam Gupta – Deputy Governor, Reserve Bank of India Dr. Rajiv Ranjan – Executive Director, Reserve Bank of India Dr. A. R. Joshi – Executive Director, Reserve Bank of India Moderator: Shri Puneet Pancholy – Chief General Manager, Reserve Bank of India

Participants from the Reserve Bank of India: Shri Sanjay Malhotra – Governor, Reserve Bank of India. Shri M. Rajeshwar Rao – Deputy Governor, Reserve Bank of India Shri T. Rabi Sankar – Deputy Governor, Reserve Bank of India Shri Swaminathan J. – Deputy Governor, Reserve Bank of India Dr. Poonam Gupta – Deputy Governor, Reserve Bank of India Dr. Rajiv Ranjan – Executive Director, Reserve Bank of India Dr. A. R. Joshi – Executive Director, Reserve Bank of India

Participants from the Reserve Bank of India: Shri Sanjay Malhotra – Governor, Reserve Bank of India Shri M. Rajeshwar Rao – Deputy Governor, Reserve Bank of India Shri T. Rabi Sankar – Deputy Governor, Reserve Bank of India Shri Swaminathan J. – Deputy Governor, Reserve Bank of India Dr. Rajiv Ranjan – Executive Director, Reserve Bank of India Dr. A. R. Joshi – Executive Director, Reserve Bank of India