Swati Bhat is an India Finance and RBI Correspondent with Reuters News in Mumbai. With a focus on national economic and financial news, Swati's work has been featured in various publications such as Yahoo Finance Singapore, The Japan Times, and Financial Post. She provides insights and analysis on monetary policy, inflation, and market trends in India.
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India (National)
Swati Bhat's coverage primarily revolves around the Indian economy, monetary policy, inflation, and interest rates. She seems to heavily rely on data and government announcements for her articles.
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By: Sudipto Ganguly, Swati Bhat
MUMBAI (Reuters) -The Indian central bank's key interest rate was kept unchanged for a seventh straight policy meeting on Friday as growth in the economy is expected to remain robust while inflation stays above the 4% target. The six-member monetary policy committee kept the main lending rate at 6.5%, in line with expectations. The repo rate was raised by a total of 250 basis points between May 2022 and February 2023.
All REs in India should implement a robust information and communication technology (ICT) risk management programme
The board of India's central bank approved a record surplus transfer of 2.11 trillion rupees ($25.35 billion) to the government for the fiscal year ended March, sharply above analysts' and government projections.
By: Aftab Ahmed, Swati Bhat
India's incoming government will be greeted with a $25 billion cheque from the central bank, giving it the option to either boost spending or narrow the fiscal deficit quicker, both of which will be cheered by investors.
By: Swati Bhat, Nimesh Vora, Jaspreet Kalra
MUMBAI (Reuters) -India's central bank is changing tactics in the way it seeks to limit rupee volatility with the use of non-deliverable forwards now overtaking spot market interventions, which draw heavily on foreign exchange reserves, sources said. The Reserve Bank of India (RBI) has traditionally been more active in the local over-the-counter (OTC) spot market to keep the rupee stable. Dollar sales by the RBI in the spot market to slow rupee depreciation can draw heavily on reserves, while selling in the NDF market has a relatively marginal impact, the sources said.
By: Tom Westbrook, Bharath Rajeshawaran, Swati Bhat, Christopher Cushing
A customer hands Indian currency notes to an attendant at a fuel station in Mumbai
Monetary Policy Committee Friday kept the repo rate unchanged at 6.50% for an eighth straight policy meeting, in a continued attempt towards bringing down inflation to 4% target.
By Swati Bhat and Ira Dugal MUMBAI (Reuters) -India's central bank said on Monday the country added 46.7 million jobs in the fiscal year
By: Ira Dugal, Swati Bhat
By Ira Dugal and Swati Bhat MUMBAI (Reuters) - The Indian central bank's rate setting panel faces another food-driven spike in inflation as
By: Swati Bhat
By Swati Bhat MUMBAI (Reuters) - India will have to adopt a more cautious approach to monetary policy if high food prices persist and threaten
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