SpaceX buys wireless spectrum from EchoStar in $17 billion deal
1. EchoStar's Boost Mobile to access Starlink service 2. FCC sees potential to boost U.S. connectivity 3. SpaceX to cover $2 billion in EchoStar's debt interest
RBI Repo Rate Cut, RBI Monetary Policy Meeting August 2025 Today Live Updates: The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC), in a press conference following the August policy announcement, said there might not be a major impact of the ongoing uncertainty over US tariff on India’s economy. This is subject to retaliatory tariffs coming into the picture which Malhotra said he does not foresee. Further, he also said India is less dependent on “the outside” as far as inflation is concerned. The inflation projection for FY26 was lowered to 3.1 per cent.
Repo rate unchanged: The RBI Governor announced that the MPC in its meeting from August 4-6 decided that the repo rate remains unchanged at 5.5 per cent. In its August monetary policy statement, the ‘neutral’ policy stance continues even as the tariff situation continues to evolve. In June, the MPC announced a bigger-than-expected 50 basis points (bps) cut. The RBI maintained its forecast for real gross domestic product (GDP) growth for the current year at 6.5 per cent.
On India-Russia oil trade: When asked to comment on the possible impact of domestic inflation if India reduces its Russian oil purchases, RBI Governor Sanjay Malhotra said it was important to keep in mind that India bought oil from many countries, not just Russia. “Let’s keep two things in mind: it’s not only Russian oil that we are taking. We are taking oil from many other countries. If the mix changes, what is its impact on prices, what is the global commodity prices of crude, it will depend on all that. And the other thing it will depend on is how much of its impact, downwards or upwards, is actually taken by the government in the form of excise duties and other tariffs. So, we don’t see any major impact, as of now, because of this on inflation…”
