India’s current account surplus moderated to $7.1 billion, or 0.7 per cent of GDP, in the fourth quarter (January-March) of financial year 2025-26, compared with $13.7 billion in the same period a year ago, according to the Reserve Bank of India’s latest Balance of Payments data.
The RBI maintained the status quo on interest rates and signalled confidence in India's ability to navigate global volatility despite geopolitical and market uncertainties.
Economists and market participants are closely tracking RBI's latest projections on inflation, growth and crude oil prices as the central bank unveils its policy verdict.
The Reserve Bank of India (RBI) issued an official statement here on Wednesday stating that reports appearing in a section of the media claiming it sold a portion of its physical gold reserves recently to stabilise the Indian rupee are “not correct”.
According to data released by the Reserve Bank of India (RBI) in its latest annual report, in FY26, the banking industry reported frauds worth Rs 48,021 crore, up 46.4 per cent from Rs 32,803 crore in FY25.
The Reserve Bank of India (RBI) should go for a 25 basis points (bps) cut in the key policy rate, a research report by the State Bank of India (SBI) said.
It said the food inflation for August stood at -0.69%, rising 107 basis points compared to July. Corresponding inflation rates for rural and urban areas are -0.70% and -0.58%, respectively.
Engineering exports promotion body EEPC India has urged the government to reinstate the Interest Equalisation Scheme, ensure affordable export finance, and provide support to absorb part of the punitive tariff imposed by the US on engineering exports from India.
The programme was coordinated by the State Bank of India (SBI), Siliguri Regional Office, which has been entrusted with organising such camps in this region.
The leading public sector bank said that it will report the fraud classification to various authorities as required by law, including the Reserve Bank of India (RBI).
