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.
Notably, the board of Reserve Bank of India (RBI), last week decided to transfer a record Rs 2.1 trillion dividend to the government out of the profits earned in fiscal 2023-24.
Last week, Nifty Bank surged 2 per cent following the announcement by the Reserve Bank of India (RBI) of giving a dividend of Rs 2.11 lakh crore to the government.
India’s next government, buoyed by an unprecedented windfall of Rs 2.11 lakh crore from the Reserve Bank of India (RBI), faces a crucial decision that could shape the nation’s economic trajectory.
The Indian economy closed the financial year 2023-24 strongly despite strong external headwinds, and early indications suggest that the growth momentum will continue during the current April-June quarter of 2024-25, according to a Finance Ministry report released on Friday.
"The Board has approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24,” the RBI has said in a statement.
