Washington: The International Monetary Fund on Tuesday lowered India’s economic growth projection for 2023-’24 to 5.9% from 6.1% predicted in January. The World Economic Outlook report said that signs in early 2023 that global economy “could achieve a soft landing – with inflation coming down and
New Delhi: India’s foreign exchange (forex) reserves declined by $8.31 billion to $566.94 billion for the week ended on February 10 in the biggest slump in over 11 months, according to the latest figures of the Reserve Bank of India (RBI). The decline, which is equivalent
New Delhi: Congress leader Jairam Ramesh urged the Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI) to probe the Adani Group’s debt exposure to prevent a possible collapse of India’s banking system. Ramesh has been at the forefront of demanding a
New Delhi: The Reserve Bank of India has asked Indian banks for details of their exposure to the Adani Group’s companies, Reuters and CNBC-TV18 have reported. Both have quoted unnamed sources in banking and government. CNBC-TV18 has reported that the RBI sought this information as part of
New Delhi: The Reserve Bank of India (RBI) raised the benchmark lending rate by 35 basis points (bps) – the fifth increase since May – saying it remains focused on bringing down the inflation to a tolerable limit. Even as the central bank called the Indian