by OverviewFX | Dec 30, 2024 | Industry
Earlier this month, the Reserve Bank of India cut its growth forecast for the current fiscal to 6.6% from 7.2% projected in June.NEW DELHI: The Indian economy is likely to grow at 6.5-6.8% this fiscal and slightly higher between 6.7-7.3% in FY2026, boosted by domestic...
by OverviewFX | Dec 29, 2024 | Industry
India’s current account deficit (CAD) widened slightly to USD 11.2bn (1.2 per cent of GDP) in Q2 from USD 10.2bn (1.1 per cent of GDP) in the previous quarter, a report by ICICI Bank Global Markets anticipated.However, there was a Balance of Payments (BoP)...
by OverviewFX | Dec 28, 2024 | Industry
Key appointments in BFSI sector, 2024By Siddhi NawarIn 2024, India’s financial sector witnessed significant leadership changes, marking a transformative period for the nation’s economic governance. In the public and private sector, the year was filled with...
by OverviewFX | Dec 27, 2024 | Industry
MUMBAI, – India’s current account deficit moderated slightly from a year earlier in the July-September quarter, the central bank said on Friday.The current account deficit stood at $11.2 billion, or 1.2% of GDP in the reporting quarter, compared with a...
by OverviewFX | Dec 27, 2024 | Industry
India’s foreign exchange reserves dipped by $8.4 billion to $644.39 billion as of December 20, according to data shared by the Reserve Bank of India (RBI) on Friday.For the previous week, India’s foreign exchange reserves dropped by $1.98 billion during...
by OverviewFX | Dec 27, 2024 | Industry
New Delhi, Former Prime Minister Manmohan Singh was a brilliant economist with a visionary outlook on India’s potential, combined with a fine sense of political feasibility, former RBI Governor Raghuram Rajan said on Friday. Singh, the architect of India’s...
