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To drive up NRI investments, banks make FCNR deposits attractive with up to 7.1% return on dollar depositsIndia saw inflows topping $155 billion in 2025-26 via remittances. Add another estimated $50 billion from this scheme which will run until ...- Banks court wealthy Indian diaspora in $50 billion deposit driveIndian banks are launching a global campaign to attract over $50 billion in deposits from the diaspora. This initiative aims to strengthen ...
- India's Q4 FY26 current account surplus at $7.1 bln, driven by services exports, remittancesIndia achieved a $7.1 billion current account surplus in the fourth quarter of the last fiscal year. This positive outcome was driven by st...
- RBI greenlights record surplus transfer of Rs 2.86 lakh croreThe Reserve Bank of India's central board approved a record Rs 2.86 lakh crore surplus transfer to the government for FY26. This significan...
- RBI likely to pay a big dividend to CentreEconomists estimate the surplus transfer-often referred to as the central bank's dividend to the government-in the range of Rs 2.7 lakh cro...
- Petrol, diesel price hike may trigger chain reaction across economy, say expertsRising petrol and diesel prices are poised to escalate India's retail inflation, with economists forecasting a significant ripple effect on...
- India’s heat wave creates new inflation risks after oil surgeIndia faces inflation risks from severe heat waves and predicted below-normal monsoon rains, exacerbating existing economic pressures from ...
- Core sector output fell 0.4% in March, lowest in 19 monthsIndia’s core sector output contracted 0.4% year-on-year in March, marking its lowest level in 19 months, driven by a sharp decline in ferti...
- FAR from Ideal: FPI buying of G-Secs falls sharply in FY26Foreign investors bought fewer Indian securities in FY26. Outflows increased as West Asia conflict escalated. Economists predict muted flow...
- RBI may keep call rates and treps below the repoThe Reserve Bank of India aims to keep overnight borrowing costs below its main lending rate. This strategy supports economic growth despit...
- Rupee slide may fuel imported inflation risks, say expertsThe Indian rupee is weakening, raising concerns about rising imported inflation. Higher global oil and commodity prices, coupled with incre...
- India's core growth eases to 2.3% in February on poor energy showIndia's core sector growth decelerated to a three-month low of 2.3% in February, impacted by subdued electricity generation and declining e...
- RBI likely to infuse Rs 5 lakh crore into market in FY27Economists anticipate the Reserve Bank of India will inject at least ₹5 lakh crore through liquidity operations next fiscal year. This move...
- RBI doubles liquidity injection to Rs 1.5 lakh crore ahead of tax paymentsThe Reserve Bank of India is injecting Rs 1.5 lakh crore into the financial system. This move aims to prevent any cash crunch as advance ta...
- Increase capex, slow down fiscal consolidation going forward: EconomistGaura Sengupta from IDFC First Bank predicts FY25's capex will fall short of the Rs 11.1 trillion target at around Rs 9.6 trillion. She str...
- Flaws in measuring housing contribution distorting inflation index: ExpertsHouse rent inflation has been easing since the start of the year and fell to a 19-month low of 3.52% in December, showed data released last...
- Medical, tuition expenses to hurt even as core inflation easesIn the June quarter of 2022-23, average employee cost of listed companies had increased 17.4% year-on-year. Average education inflation in ...
- As India gets closer to its GDP goal, experts warn of subdued nominal growthEconomists predict that India's nominal GDP growth may fall below the budgeted estimate of 10.5% for the current fiscal year, challenging t...
- Bright spot: Rural consumption to pick up on wage rise and lower inflation, say economistsEconomists said high-frequency data also points at a revival of rural consumption. However, experts cautioned that monsoon could play a spo...
- Almost 40% of surrendered Rs 2,000 return in other denominationsAround 40% of the total Rs 1.8 lakh crore worth of Rs. 2,000 denomination currency has returned to the market in the form of Rs. 500, Rs 20...
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