Forex reserves fall to over 7-month-low, current account deficit moderates: RBI
The foreign exchange reserves fell for a third consecutive week as of December 20, data from the Reserve Bank of India said ...
RBI allows interoperability between PPIs like wallets for UPI payments
Currently, UPI payments are interoperable such that a user can use any TPAP to transfer funds. However, transactions between ...
RBI approves PPI holders to make UPI payments via third-party apps
RBI allows PPI users to use UPI payments via third-party apps, enhancing interoperability and convenience for digital ...
CAD moderates marginally to 1.2% of GDP in July-September of FY25: RBI data
Net services receipts rose to $44.5 billion in Q2 2024-25, compared to $39.9 billion in the previous year, reflecting a growth in services exports across key sectors such as computer services, ...
India’s forex reserves drop $8 bn to $644 bn over revaluation, RBI interventions on rupee volatility
The reserves have been declining for the last few weeks, and the drop has been attributed to revaluation along with forex ...
RBI allows UPI access for prepaid payment instruments via third party applications: Here's what it means
The Reserve Bank on Friday allowed prepaid payment instruments holders to make and receive UPI payments through third-party ...