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 ...
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Prepaid Wallets For UPI Transactions? RBI's New Rule Explained
The Reserve Bank of India (RBI) has announced a new update that will make it easier for people to use Prepaid Payment ...
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India's current account deficit narrows to $11.2 billion in Q2FY25: RBI data
India’s current account deficit (CAD) reached $11.2 billion (1.2% of GDP) in Q2FY25, while the balance of payments (BoP) ...
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India's forex reserves drop by $8.478 billion to $644.391 billion
The reserves have been declining for the last few weeks, and the drop has been attributed to revaluation along with forex ...
CAD moderates marginally to 1.2% of GDP in Q2: RBI data
India's current account deficit (CAD) moderated marginally to $11.2 billion or 1.2% of GDP year-on-year in the July-September ...
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Banks' Gross Non-Performing Assets Hit 13-Year Low; Agriculture Sector Reports Highest GNPA, Retail Loans Lowest: RBI
According to a report released by the Reserve Bank of India (RBI) on Thursday (26 December), the ratio of gross ...
RBI permits UPI access for prepaid payment instruments through third-party apps; what does this mean
A prepaid payment instrument (PPI) is a financial tool that allows users to store funds on a card or digital wallet for ...
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Manmohan Singh: ‘Brilliant economist with fine sense of political feasibility’
"[Manmohan Singh] had little time for political intrigue. And that made all the difference for India," recalls his CEA ...