India's current account deficit improved sharply to 1.3% of GDP in Q2 FY26. Key drivers include higher services exports and remittances, though quarterly trends show a widening trade gap. Explore the full analysis.
RBI and European Central Bank begin linking UPI with EU's TIPS system to enable faster, cheaper cross-border payments between India and Europe. Expected completion in 6 months to 3 years.
Money sent overseas by Indians under RBI's liberalised remittance scheme rose to $2.8 billion in September, driven by travel spending. Discover the shifting trends in foreign exchange outflows.
RBI begins implementing UPI-TIPS link with European Central Bank. This will slash transfer costs & boost merchant acceptance for Indian travelers in Europe. A major step for globalizing India's payment system.
The Reserve Bank of India proposes game-changing same-day settlement for international transactions, boosting India's global trade efficiency and reducing transfer times dramatically.