By Ira Dugal MUMBAI (Reuters) – The Indian government-backed National Bank for Financing Infrastructure and Development (NaBFID) expects to sanction close to 1 trillion rupees ($12.23 billion) in loans this…
By Aftab Ahmed and Swati Bhat NEW DELHI/MUMBAI (Reuters) – India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow…
NEW DELHI (Reuters) – The Indian government has proposed an additional net expenditure of 1.48 trillion rupees ($18.06 billion) for the fiscal year ending this month, a government statement said…
By Shubham Batra and Nikunj Ohri New Delhi (Reuters) – India’s federal government is likely to keep its gross market borrowing below 16 trillion rupees ($196 billion) for 2023/24 as…
By Vivek Mishra BENGALURU (Reuters) – The Indian government will borrow a record 16 trillion rupees ($198 billion) in the fiscal year to March 2024, according to a Reuters poll…
MUMBAI – India’s central bank transferred 303.07 billion rupees ($3.91 billion) to the government as a dividend for the fiscal year ending in March 2022 and decided to keep its…