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.
India’s central bank kept rates steady at record low levels as expected on Friday and said it would maintain support for the economy’s recovery from the pandemic by ensuring ample liquidity
To ensure that entities seeking private banks licence remained adequately capitalised to meet any eventuality, a Reserve Bank of India (RBI) internal committee has recommended nearly doubling of the initial capital
India’s central bank (CB) kept key interest rates on hold on Thursday as it sought to contain a rise in retail inflation, though it vowed to keep policy sufficiently loose to help revive growth in the coronavirus battered economy.
Persistently high retail inflation fanned in part due to supply side disruptions along with seasonal factors led the Reserve Bank of India (RBI) to maintain the key lending rates.
India’s foreign exchange reserves rose by $4.344 billion during the week ended April 9. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves increased to $581.213 billion from $576.869 billion reported for the week ended April 2.
The Reserve Bank of India (RBI) proposed a four-layered structure for non-banking finance companies (NBFCs) and new norms to strengthen their governance and operations.
India’s higher market borrowings can impact the fiscal deficit. The government is likely to opt for auctioning of more cash management bills (CMBs) to meet the debt obligations of government bonds