RBI Governor Sanjay Malhotra reaffirmed India’s external sector resilience, supported by robust services exports, healthy remittances, and diversified merchandise trade. As of January 30, forex reserves stood at $723.8 billion, underscoring stability. The RBI also announced proactive liquidity management, new frameworks for digital payment safety, and measures to enhance credit flow across sectors.
The Reserve Bank of India (RBI) has emphasized the strength of India’s external sector, noting that services exports and remittances will keep the FY26 current account deficit moderate. Merchandise exports are being supported by ongoing trade diversification efforts, ensuring resilience amid global uncertainties.
Governor Sanjay Malhotra highlighted that India remains an attractive destination for foreign direct investment (FDI), with forex reserves at $723.8 billion as of January 30, 2026, providing a strong buffer against external shocks.
On the domestic front, the RBI pledged to remain proactive in liquidity management, ensuring sufficient liquidity in the banking system. Malhotra also announced upcoming measures, including a discussion paper on digital payment safety, a framework to compensate customers for small-value fraud transactions, and guidelines on loan recovery practices.
Credit growth continues to be supported by lending across all sectors, while G-sec yields have hardened in line with global trends.
Key Highlights
-
External sector resilient, supported by services exports and remittances.
-
Forex reserves: $723.8 billion as of Jan 30, 2026.
-
India remains attractive FDI destination.
-
Liquidity management proactive, ensuring banking system stability.
-
Digital payments safety paper and fraud compensation framework to be introduced.
-
Guidelines on loan recovery agents to be issued.
-
Credit growth strong, lending across all sectors.
-
G-sec yields hardened, mirroring global trends.
Sources: ANI, Business Standard, Mint, Economic Times