India Inc’s foreign commercial borrowings rise by 4.6% in August: RBI data
NEW DELHI: India Inc’s foreign commercial borrowings in August this year rose by nearly 4.6 per cent to USD 2.98 billion, according to the RBI data. In August 2021, the Indian businesses borrowed USD 2.85 billion in the form of external commercial borrowings. Of the total borrowings in August this year, over USD 2.47 billion […]
Bank deposits rise 12% in FY21 on higher CASA growth: RBI data
NEW DELHI: Bank deposits grew 11.9 per cent year-on-year during 2020-21 compared to 8.8 per cent in 2019-20 on the back of high growth in current account and savings account (CASA) deposits, RBI data showed. The share of CASA deposits increased to 43.7 per cent in March 2021 compared to 41.7 per cent a year […]
Forex reserves zoom to record high of $612.73 billion
NEW DELHI: The country’s foreign exchange reserves rose by USD 835 million to touch a record high of USD 612.73 billion in the week ended July 16, 2021, RBI data showed. In the previous week ended July 9, 2021, the reserves had surged by USD 1.883 billion to USD 611.895 billion. In the reporting week […]