India’s Foreign Exchange Reserves Down $311 Million To $603.7 Billion
The country’s foreign exchange reserves fell by $311 million to $603.694 billion on April 15, data from the Reserve Bank of India showed on Friday....
Category : ECONOMY
Oil Prices on Track for Near 4% Weekly Decline On-Demand Concerns
Oil prices fell on Friday and are set to lose nearly 4 per cent this week as the prospect of higher interest rates, slowing global...
IMF Projects India’s General Fiscal Deficit at 9.9% for FY23
India’s general government fiscal deficit (states and Centre combined) has been projected at 9.9 per cent of GDP for FY23 as rising energy and food...
Govt Plans To Setup 75 Digital Banks in 2021: FM Sitharaman
India is planning to set up ‘digital-only’ banks and non-banking financial companies (NBFCs) to ensure that business continuity in the lending system is not affected...
Dollar Index Tops 101 For First Time in Two Years as Yen Continues to Slide
The US dollar index topped 101 on Tuesday for the first time since March 2020 as the greenback hit a fresh 20-year high against the...
WPI Inflation Rises To 14.55% In March, Finishing Year in Double Digits
India’s wholesale price index (WPI)-based inflation rose to a four-month high of 14.55 per cent in March from 13.11 per cent in February, according to...
FM Sitharaman, CEA Nageswaran to Attend IMF-World Bank Spring Meeting
FM Nirmala Sitharaman will attend the International Monetary Fund (IMF) and World Bank Spring Meeting, which begin on Monday in Washington DC. She will also...
FDI Expected to Reach $100 Billion in 2022-23, Says PHDCCI
According to the PHD Chamber of Commerce and Industry (PHDCCI), India is expected to attract $100 billion in foreign direct investment (FDI) in 2022-23 due...