Mumbai, June 29 (IANS) India’s external debt stood at $762.8 billion at end-March 2026, an increase of $26.3 billion over its level at end-March 2025, according to data released by the Reserve Bank of India (RBI) on Monday. The external debt to GDP ratio increased to 20.8 per cent at end-March 2026 from 19.8 per cent at end-March 2025.Outstanding debt of the government decreased, while non-government debt increased at end-March 2026 over the level a year ago, according to an RBI statement.Debt s…
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Mumbai, March 6 (IANS) India’s foreign exchange reserves surged by $4.885 billion to an all-time high of $728.494 billion in the week ended February 27, data released by the Reserve Bank of India (RBI) showed on Friday.The previous all-time high for the country’s foreign exchange kitty was $725.727 billion, which was seen in mid-February.Foreign currency assets, a major component of the reserves, stood at $573.125 billion during the week. Expressed in dollar terms, the foreign currency assets …
New Delhi, March 4 (IANS) Safe‑haven currencies, from the dollar to the yen and gold, are expected to rally and equity sentiment could worsen due to supply chain disruption amid escalation of the US-Iran war, a report said on Wednesday.The report from DBS Bank said spreads of sovereign and corporate bonds could widen as investors while the monetary policy will stay put in the near term. Taimur Baig, Chief Economist, DBS Bank, warned that despite the Iranian Navy’s warships posing minimal thr…