Tag: Reserve Bank of India
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….
India’s April-June balance of payments records $8.1 billion deficit, June turns surplus
BENGALURU: India’s balance of payments recorded a deficit of $8.1 billion in the April-June quarter, compared with a surplus of $4.5 billion a year earlier,…
RBI shortens FCNR (B) deposit swap window to Aug 31
Reserve Bank of India (RBI) has shortened the swap facility window for foreign currency non-resident (bank) or FCNR (B) deposits by a month to August…
Forex reserves up by $14.1 billion to $707 billion
India’s foreign exchange reserves jumped by $14.136 billion to $707.002 billion during the week ended August 7, official data released by the Reserve Bank of…
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…
Bank deposits hit decade-high growth as NRI dollar inflows cross $37 billion
Kolkata: Bank deposits rose 15.4% year-on-year at the end of July, marking the fastest pace in nearly 10 years, as overseas Indians parked about $37…