RBI resumes dollar buying, net purchases $254 m in Feb
While the RBI acquired dollars in the spot market, its outstanding net forward purchases of the dollar reduced in February, implying that the central bank took advance delivery of its forward positions, analysts said.
IMF’s growth forecast for India may have errors, real numbers to come as a surprise: RBI
The IMF recently lowered its 2023 growth forecast for India to 5.9 per cent from 6.1 per cent citing slowness of domestic consumption and challenging external condition. In its annual World Economic Outlook, IMF also lowered the forecast for 2024-25 fiscal (April 2024 to March 2025) to 6.3 per cent from the 6.8 per cent […]