rbi sanjay malhotra
Economy National

RBI Dollar Measures Draw $32 Billion Inflows

By BPN News Desk
Reserve Bank of India Governor Sanjay Malhotra has reiterated the central bank’s commitment to financial stability as foreign currency mobilisation measures attract substantial dollar inflows and strengthen India’s balance of payments. RBI Financial Stability Measures Malhotra said Indian banks had raised approximately $32 billion through special foreign currency schemes
RBI
Economy National

RBI Swap Facility Draws $20.72 Billion

By BPN News Desk
The Reserve Bank of India’s concessional foreign-exchange swap facilities attracted $20.72 billion in overseas inflows by July 17, strengthening the country’s external financial buffer as the rupee remained under pressure. RBI swap facility attracts $20.72 billion Banks mobilised approximately $17.41 billion through Foreign Currency Non-Resident Bank deposits under the
RBI
Economy National

RBI Arm Seeks Material for Polymer Notes

By BPN News Desk
The Reserve Bank of India’s currency-printing subsidiary has invited global expressions of interest for polymer material suitable for Indian banknotes, taking an initial step towards testing more durable currency notes. RBI Arm Seeks Polymer Banknote Material Bharatiya Reserve Bank Note Mudran Private Limited has sought manufacturers capable of producing and supplying
RBI
Economy National

RBI To Auction ₹32,000 Crore Bonds

By BPN News Desk
The Reserve Bank of India will conduct an auction of government bonds worth ₹32,000 crore on July 10 as part of the Centre’s market borrowing programme. RBI Government Bond Auction On July 10 The auction will include dated Government of India securities with settlement scheduled for July 13. The borrowing will be raised through the […]
foreign investment
Economy National

India Forex Reserves Fall To $666.93 Billion

By BPN News Desk
India’s foreign exchange reserves fell sharply in the week ended June 26, mainly due to a decline in the value of gold reserves, while foreign currency assets saw only a marginal fall. India Forex Reserves Fall To $666.93 Billion India’s foreign exchange reserves declined by $5.654 billion to $666.933 billion for the week ended June […]
Piyush Goyal
Economy National

India Sets $1 Trillion Export Target

By BPN News Desk
India has set a $1 trillion export target for FY27, with the government expecting strong growth in both merchandise and services exports during the current financial year. India $1 Trillion Export Target For FY27 Commerce and Industry Minister Piyush Goyal said India is on track to reach the $1 trillion export milestone in FY27, supported […]
GST
Economy National

GST Collections Hit ₹1.95 Lakh Crore

By BPN News Desk
India’s gross GST collections rose sharply in June, touching ₹1.95 lakh crore and recording the fastest annual growth in 13 months. The increase was largely driven by a strong rise in tax collections from imports. India GST Collections Rise In June Gross Goods and Services Tax collections grew 13.9% year-on-year to ₹1,94,812 crore in June […]
gold
Economy National

Gold Demand Drops 70% After Duty Hike

By BPN News Desk
Gold demand in India has fallen sharply after the recent import duty hike, with buyers staying cautious despite a correction in prices. Industry estimates suggest many households are choosing to sell old jewellery instead of making fresh purchases. India Gold Demand Drops After Duty Hike Gold demand in the Indian market has dropped by more […]