India's foreign exchange reserves rose USD 3.293 billion in the week that ended December 26 to USD 696.610 billion, driven by a jump in both gold reserves and foreign currency assets, the Reserve Bank of India's latest 'Weekly Statistical Supplement' data showed.
The scheme is jointly implemented by DGFT and the Reserve Bank of India (RBI) and applies to both pre-shipment and post-shipment export credit in rupees. The interest subvention is benchmarked against repo rates of India and comparable economies.
It was attended by member ministries or departments, i.e., the Ministry of Home Affairs (MHA), the Ministry of External Affairs (MEA), the Department of Commerce (DoC) and the Reserve Bank of India (RBI), according to an official release by the Ministry of Finance.
Mumbai (Maharashtra) [India], December 30: BRISKPE, the Prosus-backed cross-border payments platform, today announced it has received the Reserve Bank of India's final authorisation to operate as a Payment Aggregator-Cross Border (PA-CB) under the Payment and Settlement Systems Act, 2007, en
The Government of India, in consultation with the Reserve Bank of India (RBI), released the auction calendar for Treasury Bills for the quarter ending March 2026, outlining the schedule and notified amounts for various short-term Government of India securities.
The Reserve Bank of India (RBI) on Monday released its latest web publication titled 'Statistical Tables relating to Banks in India: 2024-25', which provides a detailed look at the activities of the country's banking sector.
The Indian banking sector showed a strong and steady performance during the 2024-25 period, according to a recent report released by the Reserve Bank of India (RBI). The banking industry maintained its strength through a healthy expansion of its balance sheets, which measures the total value
He said that the Reserve Bank of India (RBI) has recognised Assam as the fastest-growing state in terms of Gross State Domestic Product (GSDP) over the last five years, with a growth rate of 45 per cent.
India's foreign exchange reserves rose USD 4.368 billion in the week that ended December 19 to USD 693.318 billion, driven by a jump in gold reserves and foreign currency assets, the Reserve Bank of India's latest 'Weekly Statistical Supplement' data showed.
The Reserve Bank of India is expected to inject liquidity of around Rs 1.5 lakh crore to Rs 2.5 lakh crore during the first quarter (January-March) of calendar year 2026 through open market operations (OMOs), according to a report by HSBC Asset Management.
A sustained focus on macroeconomic fundamentals and economic reforms is expected to keep the Indian economy on a high-growth trajectory despite rising global uncertainties, highlighted a report by the Reserve Bank of India.
The Reserve Bank of India (RBI) may reduce the repo rate by 25 basis points (bps) in its February monetary policy meeting, taking the benchmark rate down to 5 per cent, according to a report by Union Bank of India.