Anup Roy

Prime Minister Narendra Modi said India’s strong growth is giving confidence to the world and the government will continue with economic reforms.

India’s central bank will add five currency pairs to its retail foreign-exchange platform, seeking to give individuals easier access to a wider range of currencies.

India is increasingly seeking to link its payment systems with those of its trading partners as part of free-trade negotiations, extending New Delhi’s push to make cross-border payments faster and cheaper.

The Reserve Bank of India sees the banking sector’s reliance on a small number of common technology providers as a potential risk to financial stability, according to Deputy Governor Rohit Jain.

India will push BRICS nations to expand the use of central bank-backed digital currencies for cross-border payments, while stopping short of supporting a unified payments network that could be seen as a challenge to the dollar, according to people familiar with the matter.

India’s central bank governor Sanjay Malhotra urged fintech firms to safeguard customer data and strengthen cybersecurity as artificial intelligence plays a growing role in finance.

India’s central bank rejected estimates that its record foreign-currency deposit drive will prove costly, saying the inflows will instead generate additional income for the Reserve Bank of India as it deploys the dollars overseas, Governor Sanjay Malhotra said Friday.

India drew a record $127 billion from its vast diaspora, surpassing even the most optimistic estimates and giving policymakers a bigger war chest to defend the currency.

India’s central bank should explore greater adoption of its wholesale and retail central bank digital currencies, Finance Minister Nirmala Sitharaman said Friday.

India’s inflation accelerated in August, pushing closer to the top of the central bank’s 2%-6% target range and potentially narrowing the scope for policymakers to remain on hold for long.