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 on Friday.
The foreign exchange reserves fell for a third consecutive week as of December 20, data from the Reserve Bank of India said on Friday.
Manmohan Singh was born on September 26, 1932. Apart from being an economist, Manmohan Singh served as Reserve Bank of India governor from 1982-1985. He was the 13th PM of India with his tenure from 2004-2014 and was the longest-serving PM after Jawaharlal Nehru and Indira Gandhi.
The amount involved in these frauds also jumped more than eight-fold to Rs 21,367 crore, RBI data said.
The Reserve Bank of India (RBI) in its report highlighted that the Real Effective Exchange Rate (REER) of the Indian Rupee increased to 108.14 in November 2024 from 107.20 in October 2024.
The Indian rupee has breached the significant psychological barrier of 85 against the US dollar, marking an all-time low amid a confluence of domestic and global pressures.
However, sequentially, the figure jumped by 38.4 per cent from $2.19 billion in January 2024, the figures showed.
In the narrative of a nation’s economic performance, GDP growth often takes centre stage, like the star student’s report card that parents eagerly await.
Coming as a positive development for the Indian economy, the Fitch rating agency has raised its estimate for India's economic growth for this fiscal year and next.
Every year, a day before the Union Budget, the Chief Economic Adviser comes out with the Economic Survey for the year. This year, breaking with tradition, since an interim budget was being presented, the Government deferred publication of the Economic Survey.
The MoU covers all current account transactions, permissible capital account transactions and any other economic and financial transactions as agreed upon by both countries, it added.
