China & Sanjay Malhotra

China: China, with its digital yuan pilot, could expand yuan usage in cross-border settlements, challenging dollar dominance.

Sanjay Malhotra: As RBI Governor, Malhotra publicly confirmed the discussions and advocated for AI adoption in banks, shaping the central bank's stance on innovation.

China: China>>> is targeted with a higher 12.5% additional tariff, with its government denying forced labor allegations and calling for dialogue. The new tariffs could strain the recent truce between Donald Trump>>> and Xi Jinping>>>.

Sanjay Malhotra: Sanjay Malhotra, as the head of the State Bank of India's Monetary Policy Committee, will announce the committee's decision on June 5, which is being closely watched by market participants.

China: China's Shanghai Stock Exchange Composite Index traded higher, adding to the regional rally.

Sanjay Malhotra: As RBI Governor, led the MPC that unanimously voted to hold rates and retained neutral stance, signaling cautious optimism.

China: ADB kept China's growth forecast unchanged at 4.6% for 2026, supported by exports and infrastructure investment.

Sanjay Malhotra: RBI Governor Malhotra stated the economy remains robust despite risks from West Asia tensions and weak monsoon, and defended the rupee's stability.

China: China's factory activity expanded due to stockpiling, but it is also a source of global trade imbalances and faces pressure from G7 nations regarding its industrial policies.

Sanjay Malhotra: Sanjay Malhotra, India's central bank governor, previously described a 'Goldilocks' phase for the economy, an outlook that has been upended by the Iran war.

Sanjay Malhotra: Sanjay Malhotra, RBI Governor, stated that India's foreign exchange kitty was sufficient to meet 11 months of the country's imports.