Rupee Gains 14 Paise to 94.61 Against Dollar

By BPN News Desk November 4, 2026

Economy National

The Indian rupee strengthened by 14 paise to 94.61 against the US dollar in early trade on Wednesday, November 4, 2026, supported by declining crude oil prices, a weaker American currency and renewed foreign investment inflows. Positive momentum in domestic equity markets also supported the

Economy National

49.6 Crore Indians Escaped Poverty: World Bank

By BPN News Desk October 31, 2026

India has recorded one of the fastest reductions in poverty globally, with an estimated 49.6 crore people moving above the lower-middle-income poverty threshold between 2011 and 2023, according to the World Bank. Its October 2026 Poverty and Equity Brief, released on October 30, described the country’s progress as remarkable, highlighting significant improvements in

Economy National

IMF Raises India Growth Forecast to 7%

By BPN News Desk October 13, 2026

India is projected to remain the world’s fastest-growing major economy, with the International Monetary Fund raising its growth forecast to 7% for both 2026-27 and 2027-28 despite higher oil prices and global geopolitical uncertainty. IMF Raises India Growth Forecast to 7% The IMF upgraded India’s GDP growth projection for 2026-27 to 7%, up sharply from […]

Economy National

RBI Tightens Forex Rules as Rupee Nears 97

By BPN News Desk October 10, 2026

The Reserve Bank of India has tightened rules governing foreign exchange derivatives as the rupee trades close to 97 against the US dollar, introducing measures aimed at curbing excessive speculative activity and strengthening oversight of currency transactions. RBI cuts forex derivative exposure threshold One of the biggest changes is a sharp reduction in the threshold

Economy National

Rupee Rises 10 Paise to 96.65 Against Dollar

By BPN News Desk October 8, 2026

The Indian rupee strengthened by 10 paise to 96.65 against the US dollar in early trade on Thursday, supported by likely intervention from the Reserve Bank of India even as elevated crude oil prices and continued foreign fund outflows kept pressure on the currency. Rupee Rises to 96.65 Against US Dollar At the interbank foreign […]

Economy National

Nirmala Sitharaman Says India Economy Remains Resilient

By BPN News Desk October 3, 2026

Finance Minister Nirmala Sitharaman has said India has navigated a period of global economic turbulence with its fundamentals intact and strengthened, highlighting banking reforms, infrastructure investment and inflation management as key pillars of resilience. Sitharaman Says India Withstood Global Turbulence Speaking at the Kautilya Economic Conclave 2026 in New Delhi,

Economy National

Ajit Doval Projects $38 Trillion Indian Economy

By BPN News Desk September 20, 2026

National Security Advisor Ajit Doval has projected that India’s gross domestic product could rise from about $4.015 trillion currently to $38 trillion over the next 20 years, as the country undergoes major economic and technological transformation. India GDP Could Reach $38 Trillion by 2046 Addressing the convocation ceremony of IIT Roorkee on Saturday, Doval said […]

Economy National

Economist Jeffrey Sachs Says India Could Become World’s Largest Economy

By BPN News Desk September 14, 2026

Economist Jeffrey Sachs has predicted that India could become the world’s largest economy at some point this century, arguing that stronger cooperation between New Delhi and Beijing could accelerate growth and help establish a more multipolar global order. Sachs Sees India and China as Top Global Economies Sachs said India and China could emerge as […]

Economy National

RBI Warns Banks Over Tech Concentration Risks

By BPN News Desk September 10, 2026

The Reserve Bank of India has warned that growing dependence on a small group of cloud, technology and artificial intelligence providers could create systemic risks for India’s financial sector, allowing a disruption at one vendor to affect multiple institutions simultaneously. RBI Flags Common Technology Dependencies RBI Deputy Governor Rohit Jain said banks and financial

Economy National

RBI Drains Over ₹6 Trillion After Liquidity Surge

By BPN News Desk September 7, 2026

The Reserve Bank of India absorbed more than ₹6 trillion from the banking system on Monday after surplus liquidity surged to a record ₹11.6 trillion, prompting the central bank to intensify efforts to prevent excessive cash from fuelling inflation and financial-market distortions. RBI Withdraws Over ₹6 Trillion From Banks Banks offered ₹3.53 trillion in an […]