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) is likely to cut the repo rate by 25 basis points in its February 2025 policy meeting, which is set to begin on Wednesday, the State Bank of India (SBI) said in a research.
As the US Federal Reserve paused the rate cut cycle, the Reserve Bank of India (RBI) has started with liquidity easing and the rationale for 25bps rate cut in February is compelling, industry watchers said on Thursday.
This is an exciting time for people as budgets always create a buzz, particularly around taxation, but there are broader aspects such as fiscal deficit management, inflation, and geopolitical uncertainties. These are crucial for sustaining economic momentum and financial stability.
The RBI said that the steps were being taken after a review of the current liquidity and financial conditions.
Unified Payments Interface (UPI)'s contribution cumulatively to the digital payments ecosystem more than doubled in five years, data from the Reserve Bank of India (RBI) said.
