The RBI has updated FEMA regulations, enabling cross-border rupee transactions and empowering exporters with foreign currency accounts to promote INR's global acceptance.
RBI may reduce forex interventions to allow rupee depreciation, boosting export competitiveness.
India's forex reserves fall by $5.69 billion, reaching $634.58 billion.
RBI lifts curbs on certain NBFCs after enhanced regulatory compliance.
RBI requires banks to provide fixed interest rate loan options to customers.
Microfinance institutions (MFIs) in India are appealing to the Reserve Bank of India (RBI) to relax certain regulatory norms that they believe are hindering their operations and growth. This request comes amid challenges faced by the sector in extending credit to underserved populations. Key Concerns Raised by MFIs Stringent Capital Adequacy Requirements: MFIs argue that
As India navigates an economic slowdown, a growing divergence in perspectives between the Reserve Bank of India (RBI) and the central government has come to light. The disagreement revolves around the pace of economic growth and the decision to maintain current interest rates. Government’s Growth Push The central government continues to focus on fiscal measures […]
