The Reserve Bank of India reveals valuation gains in reserves. These gains reached $26.9 billion during fiscal year 2024-25. This is a significant jump from $4.3 billion in the previous year. However, excluding these effects, foreign exchange reserves saw a decrease of $5 billion. Nominal terms show an increase of $21.9 billion.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.