New Delhi, Aug. 26 -- Reserve Bank of India Governor Sanjay Malhotra announced that the central bank stands ready to mitigate the economic impact of the United States' decision to impose a 50 per cent tariff on Indian exports.

Speaking at the FIBAC 2025 event in Mumbai on Monday, Malhotra emphasised the RBI's proactive approach to supporting the country's economic growth and advancement.

The governor addressed concerns regarding the escalation of US tariffs, which have increased from an initial 25 per cent to the current 50 per cent level.

Malhotra disclosed that following the tariff announcement in April, the RBI had already revised its GDP growth projection downward by 20 basis points.

With the additional tariff increase now set to ...