Reserve Bank of India Governor Shaktikanta Das (right) speaks during a press conference at RBI headquarters in Mumbai on Wednesday. Agence France-Presse
As economic activities gather momentum and strive to get back to pre-COVID levels, the Reserve Bank of India (RBI) has said that the Indian economy is reflating at a pace higher than most predictions.
India’s foreign exchange reserves rose by $4.483 billion during the week ending Jan.1. According to the Reserve Bank of India’s weekly statistical supplement, the reserves increased to $585.324 billion from $580.841 billion reported for the week ended December 25.
Rising trade deficit along with chances of a populist budget might dampen rupee’s prospects during the coming week. Nevertheless, persistent interest of Foreign institutional investors (FIIs) in India’s equity market will arrest any sharp depreciation moves.
Reserve Bank of India (RBI) Governor Shaktikanta Das has said the gross fiscal deficit has adhered to budgetary targets, and that the current account deficit is expected to be around 2.5 per cent of the GDP in 2018-19. Das said this earlier this week while speaking at the “Governor Talks”
Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Special Envoy for Climate Change and Group CEO of Adnoc, on Friday met virtually United States (US) Secretary of Energy, Jennifer Granholm,
China’s economic recovery quickened sharply in the first quarter to record growth of 18.3% from last year’s deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support for smaller firms.
UK banks and insurers have shifted more than £1.0 trillion to the European Union in response to Brexit, a study published on Friday found. More than 440 firms operating in the UK banking and finance sector have relocated parts of their business,