Tag: Reserve Bank of India
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…
RBI Board reviews global, domestic challenges, economic outlook risks
Chennai: The Central Board of Directors of Reserve Bank of India (RBI) on Friday reviewed global and domestic challenges, including risks to the economic outlook….
India eases rules for rupee export payments, seeks to widen trade settlement
NEW DELHI: India on Thursday eased rules on rupee export payments, putting them on par with foreign-currency earnings for trade-policy benefits, aiming to promote wider…
Cross-border trade in local currencies reduces transaction costs: RBI deputy governor
Mumbai, Local currencies will play an ever-increasing role in cross-border trade and payments as they lower transaction costs, reduce currency mismatches, and improve settlement efficiency,…
MPC flags possibility of policy tightening
Kolkata: India’s monetary policy makers flagged possibility of policy rate tightening in the third quarter if the higher food and fuel prices lead to second…
India’s outward FDI jumps 17% to $5.7 billion in July: RBI
Mumbai: Outward foreign direct investment (FDI) from India increased 17% year-on-year to $5.70 billion in July from $4.88 billion a year ago, provisional data released…
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 measures lift FY27 BoP outlook to over $50 bn surplus, CAD seen at 1%: SBI Research
New Delhi: India’s balance of payments (BoP) is expected to post a surplus of around USD 50 billion in FY27, with the current account deficit…
Govt in talks with banks to cut Kisan Credit Card interest subvention by 50 basis points
New Delhi: The government is in discussions with banks to reduce the interest subvention rate on Kisan Credit Card (KCC) loans by 50 basis points,…
Forex reserves soar to $707 billion, highest so far in current fiscal
Mumbai: India’s foreign exchange reserves rose $14.1 billion to $707 billion in the week ended August 7, the highest total reserves in this fiscal year….