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reservebankofindia
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Business & Economy · IndiaFitch and S&P raise India's FY27 growth forecasts
Fitch Ratings increased its forecast for India's economic growth in FY27 to 6.9% from 6.4%, while S&P Global Ratings raised its projection to 7% from 6.6%. Both agencies cited strong economic activity, consumption, and investment as key drivers.
India3 min readTrust 50 · Craft 50 · Hype 20
Business & Economy · IndiaRBI says India’s cash demand grows despite digital payments surge
Reserve Bank of India deputy governor Shirish Chandra Murmu stated that cash in circulation continues to grow at double-digit rates even as digital payments expand. Demand remains strong in rural areas, among low-income groups, older people, and small businesses, complicating the RBI’s planning for production and distribution.
India5 min readTrust 78 · Craft 85 · Hype 15
Business & Economy · IndiaRupee falls to 95.59 against dollar after RBI shortens FCNR(B) swap deadline
The Indian rupee depreciated to 95.59 against the U.S. dollar on 17 August 2026 after the RBI advanced the deadline for its FCNR(B) swap facility by a month. The central bank said the scheme had attracted $50 to 56.84 billion in foreign exchange inflows, but traders warned the support may be temporary.
India5 min readTrust 86 · Craft 95 · Hype 15