RBI reviews FEMA to boost cross-border INR transactions
The Reserve Bank of India, in collaboration with the central government, has reviewed current regulations under the Foreign Exchange Management Act, 1999.
The Reserve Bank of India, in collaboration with the central government, has reviewed current regulations under the Foreign Exchange Management Act, 1999.
There has been a significant increase in jobs from 471.5 million in 2014-15 to 643 million in 2023-24, according to provisional estimates from the RBI’s KLEMS database.
India’s banking sector is grappling with a significant liquidity crunch, one that threatens not only financial stability but also the broader economy.
India's foreign exchange reserves fell by $5.7 billion to $634.59 billion for the week ended January 3, data released by the Reserve Bank of India (RBI) on Friday showed.
The Reserve Bank has lifted its ban on the 'sanction and disbursal of loans' by Asirvad Micro Finance and DMI Finance Pvt Ltd, in a big relief to the two microfinance companies, according to an RBI circular issued on Wednesday.
The global economy remained resilient in the first half of 2024, with declining inflation supporting household spending, it said in its October Bulletin.
The forex had hit an all-time high of $704.885 billion at the end of September.
The recent drop of the Indian rupee below the 84- per-dollar mark highlights a growing set of economic challenges for India, largely driven by external factors such as rising oil prices and the withdrawal of foreign investments from the equity market.
The Reserve Bank of India’s (RBI) recent decision to maintain the key interest rate at 6.50 per cent while shifting its policy stance to “neutral” represents a strategic recalibration in its approach to balancing inflation control and economic growth.
Reserve Bank of India (RBI) Governor Shaktikanta Das Monday said the central banks must remain vigilant, adaptable, continuously assess risks and build resilience.
