New Delhi, July 6 (IANS) India’s macroeconomic and growth outlook has improved as lower oil prices, easing foreign portfolio investment (FPI) outflows and attractive valuations in rupee assets strengthened the country’s macro fundamentals, a report said.”RBI is likely to remain growth supportive with liquidity support. Yields are likely to fall over time. With available excess capacity and a demand revival shaping up, it is possible that India’s growth outlook improves from here,” the report fro…
Latest Reserve Bank of India News & Updates
New Delhi, July 5 (IANS) Falling global crude oil prices are giving the Reserve Bank of India (RBI) and several other Asian central banks greater flexibility to focus on supporting economic growth, as lower energy costs ease inflationary pressures and improve external balances, according to Standard Chartered’s Weekly Market View report.The bank said the decline in oil prices is providing “disinflationary relief” across much of Asia, reducing the urgency for policymakers to keep interest rates e…
New Delhi, July 3 (IANS) The Federation of Indian Export Organisations (FIEO) on Friday urged the government to restore export credit as a strategic priority, address rising logistics costs, create a dedicated green transition fund for exporters, and operationalise long-pending GST refunds for foreign tourists, saying these measures are critical to sustaining India’s export growth and enhancing global competitiveness.In its recommendations submitted during the Board of Trade (BOT) meeting held i…
Mumbai, July 3 (IANS) Banks have registered a gradual increase in the flow of overseas funds after the rollout of the Reserve Bank of India’s (RBI) revised Foreign Currency Non-Resident Bank (FCNR-B) deposit scheme, and expect collections to accelerate further this month as awareness among NRIs is growing.The banking industry has mobilised an estimated $3-4 billion through FCNR-B deposits so far, according to an NDTV Profit report.Bankers expect inflows to gather pace in the coming weeks, partic…
New Delhi, July 3 (IANS) Homebuyer affordability remained broadly supportive across India’s residential markets during H1 2026, aided by cumulative monetary easing of 125 basis points, with Ahmedabad the most affordable among the top eight cities, a report said on Friday.The report from Knight Frank India said six of the eight tracked cities remain within the 50 per cent affordability threshold, and Ahmedabad securing a ratio of 23 per cent, followed by Kolkata at 25 per cent and Pune at 28 pe…
Mumbai, July 1 (IANS) The Reserve Bank of India (RBI) has appointed Ravi Shankar as its new Executive Director (ED), with the appointment taking effect from July 1, the central bank announced on Wednesday.”The Reserve Bank of India (RBI) has appointed Ravi Shankar as Executive Director (ED) with effect from July 1, 2026,” it said.Before his elevation, Shankar served as Adviser-In-Charge of the RBI’s Department of Statistics and Information Management. In his new role as Executive Director, he wi…
New Delhi, July 1 (IANS) The number of motorists using FASTag annual passes on highways has shot up to 19 per cent of all toll pass traffic, which represents a six percentage point growth in the last six months from around 13 per cent in December 2025, according to figures compiled by the Reserve Bank of India (RBI).The total vehicle trips through toll gates in June this year touched 44.4 crore, in which annual passes accounted for 8.4 crore. The 36 crore trips cumulatively raised Rs 7,214 crore…
New Delhi, July 1 (IANS) The National Payments Corporation of India (NPCI) on Wednesday announced a strategic partnership with HSBC India to enable real-time foreign exchange (FX) settlement for cross-border Unified Payments Interface (UPI) transactions to make international digital payments more seamless and transparent for Indian travellers.Under the collaboration, HSBC India will provide real-time FX rates through direct API integration, allowing customers to view the exact Indian rupee (INR)…
New Delhi, June 30 (IANS) Rahul Gandhi’s hollow assertion that India is heading towards an “economic tsunami” is far removed from ground realities. Far from facing collapse, the Indian economy has demonstrated remarkable resilience, even amid the ongoing Middle East crisis, supported by robust data from credible institutions. India posted robust 7.7% GDP growth in FY26, the fastest among major economies, according to Reserve Bank of India and Union Ministry of Statistics and Programme Impl…
New Delhi, June 30 (IANS) India’s fiscal deficit stood at Rs 1.624 lakh crore in April-May of financial year 2026-27, which accounts for 9.6 per cent of the full-year target, data released by the Controller General of Accounts (CGA) showed on Tuesday.The government has fixed a fiscal deficit target of Rs 16.96 lakh crore for the full financial year (FY27), which shows that the figures for the first two months reflect a strong fiscal position with the country on track to meet the target set in …