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MONETARY POLICY

MDR a small fee, will not have major impact on UPI volumes: RBI Governor Malhotra

·The Hindu·Impact 1/5 · Low
MeridStreet AI summary

RBI Governor Malhotra has stated that the small fee introduced by MDR, or Merchant Discount Rate, will not have a significant impact on UPI volumes. This means that the recent increase in fees for digital transactions will not lead to a substantial decline in the number of transactions made through the Unified Payments Interface. The governor's comment suggests that the impact of the fee hike will be minimal, which is good news for the growth of digital payments in India.

Source reporting

Read the source report: The Hindu →

MeridStreet analysis

Why it matters

The RBI Governor says a small fee will not affect UPI volumes. The current volumes are steady, with no drop seen so far.

Market impact

Impact score
1 / 5
Market signal
Neutral
Category
Monetary policy
Model confidence
60%

Markets & countries in focus

India

Transmission channels

RBI statement→No volume drop→UPI stability→No market impact→Business as usual

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to The Hindu. For information only — not financial advice.