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Could an AI bubble or so-called shadow banking threaten the global economy?
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News and Media
India's central bank, the RBI, is examining delays in international money transfers reaching bank accounts. This review aims to speed up payments for people. India receives the most remittances globally. The RBI is also working with other countries to link payment systems for easier money transfers.
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News and Media
In a bold move towards financial stability, India's Reserve Bank is transforming its foreign exchange strategy. By acquiring more gold and scaling back on US Treasury Securities, the bank is effectively diversifying its reserves. This shift underscores gold's reputation as a secure asset in volatile economic climates, with India's gold reserves now surpassing a staggering 100 billion dollars.
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News and Media
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