NRO deposits also saw inflows worth $ 2.19 billion from April-September 2024, compared to $ 1.88 billion during the same period a year ago
FPIs will need to seek government approval before reclassification in applicable cases
BS BFSI Summit: While food inflation is a prominent factor in India's economic policy, global influences, particularly from the US Fed, cannot be overlooked, say economists at Business Standard summit
Distrust has emerged as a major barrier in policymaking across India, deeply rooted in the colonial legacy of governance
In the context of US elections and possible uncertainty, Mr Das said the Indian economy and the financial sector were well placed to deal with any spillover impact from global economy
Abandoning its earlier policy of intervening only during periods of heightened volatility, the RBI over the past couple of years has used its vast forex reserves to keep Rupee in a narrow range
Ever since the liberalisation in 1991, the RBI has pursued a flexible exchange rate policy
The issuance was tightly priced, said market participants
P2P platforms enable lenders to earn interest income, though with the risk of delay or default by borrowers
Headline inflation likely to remain on track throughout 2025-26
Here is the best of Business Standard's opinion pieces for today
The central bank had recorded a net purchase of $6.93 billion in the spot market in July
He highlighted that historically, crises have acted as catalysts for bringing supervisors together to address shared challenges
While the September inflation print may see a significant pick-up as base effects turn adverse and food prices register an upturn, food inflation, the RBI said, is expected to ease by Q4:2024-25
By entering the recipient's account number and IFSC code, senders can confirm the name of the account holder.
The industry experts believed that a rate cut would have helped the momentum to continue amid the festive quarter
We have to be very careful because there is every chance that inflation will simply bolt again, says Das
Stock Market Today: GIFT Nifty futures indicated a slightly positive bias for markets at open today.
MPC to 'remain unambiguously focused' on a durable alignment of inflation with the target, while supporting growth
The policy remains open-ended on the future possibility of rate cut, which sounds reasonable given that the future course of inflation is hard to gauge