Economy and Finance

India's forex reserves are now sufficient to cover around 11 months of projected imports, according to a recent RBI report.

Saudi Arabia has decided to not renew the petrodollar agreement signed in 1974, under which it sold oil exclusively in US Dollar

Opposition claims there is no wave in the 2024 elections, which shows how little the opposition knows about the Indian electorate

India’s real GDP has been estimated to grow by 8.2% in FY 2023-24 as compared to the growth rate of 7.0% in FY 2022-23

“RBI started purchasing gold a few years ago and decided to undertake a review of where it wants to store it, something that is done from time to time. Since stock was building up overseas, it was decided to get some of the gold to India,” TOI quoted an official as saying.

RBI ordered Edelweiss Asset Reconstruction Company Limited (EARCL) to cease and desist from acquisition of financial assets

According to market experts, Indian indices had shown mixed performance over the previous week amid the ongoing elections, but investor confidence in the Indian market is rising as the result date approaches.

An increased dividend payment is probably going to assist the Central government in reaching its goal of 5.1% of GDP for fiscal deficit during the current fiscal year. Additionally, it would probably support tax collections, giving the new government more spending flexibility.

India's fintech company PhonePe Unified Payments Interface (UPI) has been launched in Sri Lanka.

The announcement that in 2025 India will overtake Japan in nominal gross domestic product in dollar terms has shocked Tokyo