India’s Forex Reserves Surge To $665.4 Billion; Rupee Strengthens As Trade Deficit Narrows
India’s forex reserves jumped $6.6 billion to a five-month high of $665.4 billion for the week ending March 28, 2025, RBI data showed.
India’s Forex Reserves Rise By $305 Million To $654.271 Billion
India’s forex reserves increased by $305 million, reaching $654.271 billion for the week ending March 14, according to the RBI.
Digital Payments Industry Set To Lose Rs 500-600 Crore As Government Withdraws Subsidy On Rupay Debit Cards
The digital payments sector is facing significant financial losses of around Rs 500-600 crore after the government decided to withdraw its subsidy support on RuPay debit cards.
Credit Card Spending Rises 10.8% In January; Led By HDFC & ICICI Bank
Credit card spending rose 10.8% YoY to Rs 1.84 lakh crore in January 2025, led by HDFC Bank and ICICI Bank, RBI data showed.
NRI Bank Deposits Surge 42.8% To $13.33 Billion In April-December 2024
RBI data shows NRI bank deposits surged 42.8% to $13.33 billion between April and December 2024, up from $9.33 billion in 2023.
NRI Deposits Surge To $12 Billion In April-October FY25, RBI Data Shows
Overseas Indians deposited approximately $12 billion in non-resident Indian (NRI) deposit schemes during April-October FY25, nearly doubling the $6.11 billion deposited during the same period last year.
