However, in India, retail inflation in November inched up to 0.7 percent, from 0.3 percent in October, but price pressures remained exceptionally subdued for the second straight month.
The central bank in the Bulletin said that it purchased zero dollars and sold $2.54 billion during the period.
The weighted average lending rate on fresh and outstanding rupee loans of scheduled commercial banks declined by 53 bps and 49 bps, respectively, in the current easing phase.
RBI says GST reforms will boost ease of doing business, cut prices, and spur consumption, with MSMEs and startups set to gain from simplified rules.
The central bank in the Bulletin said that it purchased $1.16 billion and sold $4.83 billion during the period.
India’s bank credit growth rose to 10.22 percent year-on-year in the fortnight ended August 8, the highest in more than three months.
On August 14, S&P Global Ratings has upgraded India’s long-term unsolicited sovereign credit rating to ‘BBB’ from ‘BBB-’, while also raising the short-term rating to ‘A-2’ from ‘A-3’.
Inflows for NRO accounts in April 2025 were at $31 million, as against a higher $103 million provisionally recorded for April 2024-26, bulletin says
The Iran-Israel conflict, which intensified in mid-June, has reversed the short-lived optimism spurred by temporary tariff freezes and trade deals earlier this year, bulletin said
High-frequency indicators of aggregate demand for May suggested a pick-up in rural demand, especially given the strong performance of the agricultural sector, RBI bulletin says
In the monetary policy meetings conducted during May-June, most central banks continued to lower policy rates amid heightened macroeconomic uncertainties, RBI bulletin says
These rates, currently 16-66 basis points above formula-based levels, could pose a challenge for bank deposit growth in a rate-easing cycle where deposit rates are expected to decline, says RBI
India’s position as the fastest growing major economy, coupled with macroeconomic stability, makes it a preferable investment destination in a world characterised by growth slowdown and macro vulnerabilities, the bulletin said
According to the latest RBI bulletin for March 2025, FCNR(B), NR(E)RA, and NRO have experienced growth in both inflows and outstanding amounts
The Indian rupee (INR) depreciated by 0.9 per cent (m-o-m) during February 2025, weighed by heavy FPI outflows.
The bulletin said despite the turbulent global environment, the Indian economy continues to demonstrate resilience because the growth momentum is supported by robust sectoral performance and improving consumption trends.
In the primary market, issuances of CDs grew by 34 percent on-year to reach an all-time high of Rs 10.58 lakh crore during 2024-25 (up to March 7, 2025), RBI bulletin said.
The Indian economy recovered in the December quarter to grow at 6.2 percent after sinking to a seven-quarter low of 5.6 percent in the July-September period, according to data released on February 28.
System liquidity has turned into deficit since mid-December 2024 due to build-up in government cash balances driven by the usual quarter-end advance tax outflows, monthly GST payments, capital outflows and currency leakage.
Industrial activity has recorded an improvement over the previous quarter, as reflected in the Purchasing Managers’ Index (PMI) in January, Bulletin said.
The report added that banks appear to be availing liquidity from the RBI but not onlending to money markets.
The prospects for agriculture and rural consumption are looking up with brisk expansion of rabi sowing, said the RBI's monthly bulletin on the state of the economy.
There are early signs of second order effects or spill overs of high primary food prices - following the surge in prices of edible oils, inflation in respect of processed food prices is starting to see an uptick, the bulletin added
Private investment was lacklustre as reflected in sequentially lower investment in fixed and non-current assets during July-September 2024 on account of subdued corporate earnings, the bulletin said
Indians are gradually letting go of cash for transactions, but cash is still king. The Cash Usage Indicator data shows a gradual decline in cash usage, but even then cash remains significant in the lives of Indians.