The merchandise trade deficit moderated to US$ 87.4 billion in Q2, marginally lower than USD 88.5 billion in the corresponding period last year. Exports and imports both grew, but the increase in exports helped contain the deficit.
RBI highlighted an expanded digital complaint footprint, improved disposal efficiency, and increasing concerns around loans, credit cards and digital frauds.
As the Reserve Bank of India's Monetary Policy Committee (MPC) prepares to announce its policy decision this week, the industry and economists remain divided on what the central bank will do.
The Reserve Bank of India (RBI) may keep the repo rate unchanged at its upcoming December monetary policy review meeting, given that the country's economy reported strong 8.2 per cent GDP growth in the July-September quarter.
India's foreign exchange reserves declined by USD 4.472 billion in the week that ended November 21 to USD 688.104 billion, driven by a slump in both foreign currency assets and gold reserves, the Reserve Bank of India's latest 'Weekly Statistical Supplement' data showed.
This exercise, according to RBI, is expected to enhance clarity, ease of access, and reduce compliance burden for REs, thereby supporting the broader objective of improving ease of doing business.
The Indian rupee vis-a-vis the US dollar is currently trading in a tight range, under pressure from a mix of domestic strength and external challenges, including US tariffs and persistent capital outflows.
New Delhi [India], November 28: In India's rapidly evolving financial ecosystem, the demand for transparent, compliant, and secure credit continues to grow--especially amid rising public discussions surrounding data privacy, user protection, and responsible lending. Survika Traders Private L
Reserve Bank of India (RBI) Deputy Governor Swaminathan J said that microfinance, when delivered responsibly, can become a driver of broad-based economic progress and play a pivotal role in advancing India's journey towards Viksit Bharat 2047.
Bengaluru (Karnataka) [India], November 28: Xflow, India's fastest-growing cross-border payments companies, today shared its intent to scale its processing volumes by nearly tenfold over the next 18 months. The company's expansion roadmap builds on strong momentum from Indian IT/ITES exporte
Addressing the challenges of inflation and growth forecasting, especially given India's high food weight in the CPI basket, RBI Deputy Governor Poonam Gupta said the RBI now employs a "suite of models," high-frequency indicators, expert consultations, and updated data windows to minimise err