Tag: rbi
India’s foreign exchange reserves up almost $50 billion since July
Kolkata: India’s foreign exchange reserves surged by nearly $50 billion since July as inflows swelled into the banks’ foreign currency non-resident bank (FCNR-B) following the…
India’s forex reserves soar by $9.9 billion to $716.90 billion as on August 14
India’s foreign exchange reserves jumped by $9.905 billion to $716.90 billion during the week ended August 14, official data released by the Reserve Bank of…
India amends Foreign Trade Policy for easier rupee invoicing and payments for exporters
The government on Thursday amended the Foreign Trade Policy (FTP) 2023 to make it easier for exporters to invoice overseas sales and receive payments in…
I-T unearths Rs 1.29 lakh cr foreign remittances
NEW DELHI: The income tax department has uncovered a massive overseas remittance trail involving 6,422 newly identified entities that collectively sent Rs 1.29 lakh crore…
Bank holiday today: Are SBI, HDFC banks open or closed?
Banks in Tripura will remain closed today, Wednesday, August 19, 2026, on the birth anniversary of Maharaja Bir Bikram Kishore Manikya Bahadur. The holiday is…
RBI finds cash demand harder to predict as digital payments grow
Kolkata: The Reserve Bank of India is facing a challenge in predicting the future demand for currency notes as the currency in circulation has been…
RBI turns upbeat as worst of Iran war shock recedes
Five months after the Iran war raised fears of an inflation spike and an economic downturn, Indian officials are sounding more confident as the worst…
India on track to exceed key fundraising goal on state-firm stake sales
NEW DELHI: India expects to exceed this fiscal year’s goal of raising Rs 80,000 crore ($8.4 billion) through the sale of stakes in state-run firms…
RBI’s FCNR(B) scheme attracts $41 billion, Jefferies says inflows may double to $80-100 billion
New Delhi: The Reserve Bank of India‘s (RBI) Foreign Currency Non-Resident Bank (FCNR-B) deposit scheme has attracted stronger-than-expected inflows, with around USD 41 billion mobilised…
RBI holds repo rate at 5.25%, raises FY27 growth forecast, cuts inflation outlook
Mumbai: The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25% in the fourth consecutive policy review meeting, while marginally…