Letters to the Editor dated October 2, 2025 - The Hindu BusinessLineSENSEX 80,983.31+ 715.69NIFTY 24,836.30+ 225.20CRUDEOIL 5,496.00+ 3.00GOLD 116,718.00+ 852.00SILVER 144,566.00 -154.00SENSEX 80,983.31+ 715.69NIFTY 24,836.30+ 225.20NIFTY 24,836.30+ 225.20CRUDEOIL 5,496.00+ 3.00CRUDEOIL 5,496.00+ 3.00GOLD 116,718.00+ 852.00'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth();]]>Updated - October 02, 2025 at 09:23 PM.Right move by RBIThe RBI’s recent liberalisation of banks’ role in capital market lending and its push to expand the rupee’s footprint abroad mark an inflexion point in our growing financial stature. Stronger bank participation will deepen markets, ease corporate access to funds, and boost investor trust.Encouraging neighbours to trade in rupees reduces dollar dependence, lowers costs, and positions India as a stabilising hub in South Asia.The rupee’s journey outward is no doubt backed by our economic strength.What would be needed is vigilant oversight and transparent regulation to keep risks in check and sustain trust on the currency.With discipline and vision, this liberalisation can pave the way for the rupee to emerge as a credible regional, and in time, a global medium of exchangeR NarayananNavi MumbaiMPC acts prudentlyThis refers to ‘MPC is right in holding on to rates now’ (October 2). One tends to endorse its observations stating that the MPC’s pause seems to be a pragmatic decision even as there was a huge clamour for the repo rate-cut amongst some economists and various study groups of commercial banks owing to some healthy position on retail inflation front, well within RBI’s inflation targeting norms, a temporary phenomenon, for sure.In fact, MPC seems to have acted wisely and prudently too, keeping in view highly unpredictable weather conditions which may turn ‘kaput’ at any point in time apart from the extant global trade dynamics and many other external factors that invariably remain beyond its control.A GuptaNew DelhiCautious stanceThe RBI’s decision to maintain status quo on key policy rates, signals a cautious stance amid domestic and global uncertainties. The move reflects the central bank’s intent to closely monitor the impact of recent GST revisions, alongside geopolitical developments that continue to influence crude oil prices, currency stability, and capital flows. Ironically, even as the RBI holds back from rate changes, it has lowered its inflation projection for FY26 to 2.6 per cent, from its earlier forecast of 3.1 per cent. This downward revision indicates confidence in moderating price pressures, despite global risks. The contrast between maintaining policy caution and projecting softer inflation underlines the RBI’s balancing act — preserving stability while avoiding premature shifts. Overall, the decision conveys a message of steadiness, reassuring markets that the RBI remains committed to a data-driven approach in navigating India’s economic trajectory.S LakshminarayananPuvanur, TNPublished on October 2, 2025Sign into Unlock benefits!Access 10 free stories per monthAccess to comment on every storySign up/Manage to our newslettersGet notified by email for early preview to new features, discounts & offers${ ind + 1 } ${ device }Last active - ${ la }