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 Indian rupee’s recent behaviour, hovering just shy of 84 a dollar, has been a focal point of discussion in financial circles. On Tuesday, the currency closed at 83.97, marginally above its previous alltime low of 83.9725, thanks to the Reserve Bank of India's (RBI) timely intervention.
The deputy governor said deposit insurers need to contend with the possibility of the CBDCs being perceived as a safe haven during crises triggering depositor panic
Vegetable prices had shot up by as much as 29.32 per cent in June as the scorching heat wave in the northern states hit production.
The revised regulations shall be applicable with effect from January 1, 2025 and will further harmonise regulations applicable to HFCs and NBFCs, the RBI said.
The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that external factors like weather conditions and international commodity prices do not cause any disruptions, the credit rating agency, Crisil said in its report.
