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India’s total foreign exchange reserves increased by 78%, growing from $393.735 bn to $701.176 bn as of early October 2023
Finance

Gold’s share in India’s foreign exchange reserves rises over 209% since...

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RBI's gold holdings rise by 27.46 metric tonnes As India's foreign exchange reserves surpass $700 billion, the share of gold in the country's forex reserves...
MPC kept the growth projection unchanged at 7.2 percent for the current financial year
Finance

RBI keeps key lending rate unchanged at 6.5% for 10th consecutive...

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RBI MPC shifts gear to 'neutral' while retaining repo rate at 6.5% The Reserve Bank of India (RBI) has announced that it will maintain its...
Industry experts suggest this decision comes amid rising geopolitical uncertainties, particularly in the Middle East
Economy

RBI expected to maintain status quo as MPC meeting begins; realty...

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Gov Shaktikanta Das to announce decision on Oct 9 The Reserve Bank of India (RBI) is anticipated to keep its monetary policy unchanged during the...
Looking ahead, the nation’s economic performance for FY 2023-24 is projected to reflect robust growth, with an estimated real GDP increase of 8.2%, compared to 7% in FY 2022-23
Commerce

India sees 36% surge in employment, adding 17 million jobs: A...

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India sees significant employment growth over the years In a remarkable display of economic resilience, India has recorded a 36% increase in employment, equating to...
The report highlights that India’s earnings have stabilized in recent years, with a
Economy

India poised to be among fastest-growing economies until 2030: Goldman Sachs

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Positive outlook for India’s economy through 2030 India is set to remain one of the fastest-growing economies in the world until 2030, fueled by robust...
As of the week ending September 6, India's forex reserves surged by $5.2 billion to a record high of $689.24 billion
Finance

RBI’s forex reserves poised to exceed $700 billion sooner than expected...

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RBI data reveals foreign currency assets grew by $5.10 bn to total $604.1 bn Despite global economic challenges and escalating geopolitical uncertainties, India's foreign exchange...
PM Modi asked the regulators to take more measures to stop cyber frauds and further increase digital literacy among people
Commerce

Govt taking various measures at policy level to help fintech sector:...

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PM Modi addresses Global Fintech Fest 2024 in Mumbai, Maharashtra Prime Minister Narendra Modi on Friday said the government is taking various measures at the...
India’s external position has also strengthened in recent years amid a marked narrowing of its current account deficit
Economy

Moody’s raises India’s 2024 GDP growth forecast to 7.2%

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Moody's upgrades India's GDP growth forecast Moody's Ratings, based in New York, has upgraded its forecast for India’s GDP growth in 2024 to 7.2% from...
Pilot for ULI was launched last year by RBI to enable frictionless credit
Banking

RBI to launch Unified Lending Interface nationwide: Shaktikanta Das announces

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RBI introduces Unified Lending Interface for speedy credit access for rural, smaller borrowers Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Monday that...
Investors are keenly awaiting further clarity on the RBI's policy stance, which is expected to influence market movements throughout the day
Markets

Indian equity indices open lower ahead of RBI announcement

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Sensex, Nifty decline in early trade Indian equity indices opened lower on Thursday as investors awaited the Reserve Bank of India (RBI) Governor Shaktikanta Das’s...
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