India’s Foreign Exchange Reserves Fall by $571 Million to $563.5 Billion
Total foreign exchange reserves in India fell by $571 million to $563.499 billion in the week ended December 16 after five straight weeks of gains,...
Category : ECONOMY
RBI Revises Securitisation Norms
Securitisation is the conversion of assets, primarily loans, into securities, usually by selling them to other lenders to raise cash. Hence, in India, securitisation is...
RBI’s Forex Reserves Upsurge for 5th Consecutive Week to $564.07 Billion
The Reserve Bank of India‘s foreign exchange reserves increased by $2.9 billion, i.e. worth $564.07 billion, on December 9. This is the fifth repeated week...
RBI’s Inflation Mandate Failure Report Cannot be Made Public, Govt Informed Parliament
The Reserve Bank of India (RBI) has submitted reports on breaches of its inflation target for three consecutive quarters. Still, the reports cannot be made...
RBI Sells $33.42 Billion in April-September FY23 to Contain Rupee Volatility
The Reserve Bank of India (RBI) sold a net of $33.42 billion in the foreign exchange market in the first six months of the fiscal...
RBI Introduces Single Block and Multiple Debit Features in UPI
On Wednesday, the Reserve Bank of India (RBI) announced the introduction of single-block and multi-block debit functionality in the Unified Payments Interface (UPI). Customers can...
RBI Shortlists Five Banks for Its Digital Currency Pilot Project
The Reserve Bank of India has partnered with at least five banks to launch a pilot project for its digital currency, the digital rupee, for...
Moody’s Cuts India’s Economic Growth Forecasts to 7% for 2022
Moody’s on Friday cut India’s GDP growth forecast for 2022 to 7% from an earlier 7.7%, as a slowing global economy and rising domestic interest...
Finance Ministry Finalises Framework for Sovereign Green Bonds
According to people familiar with the matter, Finance Ministry has finalised the framework for issuing sovereign green bonds that meet global standards. The government intends...
FY23 GDP Growth to Not Exceed 7%, Says CEA Nageswaran
On Monday, India’s gross domestic product growth for the current fiscal year (FY23) expects to be between 6.5% and 7%, Chief Economic Advisor V Anantha...