The Bank has released a Conclusions Paper setting out the conclusions of its recent public consultation on options for further enhancing the competitiveness, efficiency and safety of Australia’s debit card market. As noted in the Payments System Board’s post-meeting media release in August, the key conclusions are: The Board decided that it will not continue
Today, the Reserve Bank released data relating to India’s International Investment Position for end-June 2023[1]. Key Features of India’s IIP in end-June 2023: Net claims of non-residents on India increased by US$ 12.1 billion during Q1:2023-24 and stood at US$ 379.7 billion as at end-June 2023. The rise in net claims of non-residents during the
The stock of external debt at end-June 2023 as well as revised data for earlier quarters are set out in Statements I (IMF format1) and II (old format). The major developments relating to India’s external debt as at end-June 2023 are presented below. Highlights At end-June 2023, India’s external debt was placed at US$ 629.1
Earlier today, the Reserve Bank of India released balance of payments (BoP) data for April-June 2023 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-June 2023 are detailed below: Sources of Variation in Foreign Exchange Reserves: April-June 2023 During April-June 2023, there was an
Preliminary data on India’s balance of payments (BoP) for the first quarter (Q1), i.e., April-June 2023-24, are presented in Statements I (BPM6 format) and II (old format). Key Features of India’s BoP in Q1:2023-24 India’s current account deficit (CAD) narrowed to US$ 9.2 billion (1.1 per cent of GDP) in Q1:2023-24 from US$ 17.9 billion
