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As per RBI's data on India's international trade in services, the trade surplus during March 2024 was USD 13.4 billion.

The lending pattern of banks in 2023-24 saw a recovery in lending to large corporates post COVID-19 contraction. The RBI intervened to improve the quality of retail loans by assigning higher risk weights to unsecured lending, slowing their growth. Loans to the services sector grew faster at 20.2% compared to retail at 17.7% in FY2023-24. The RBI increased risk weights on unsecured consumer loans and credit cards, leading to a slowdown in unsecured loans growth to 20.8% from 26.7% a year ago.

Sales of manufacturing cos grow 27.3 pc in December quarter: RBI data : Rashtra News #Sales #manufacturing #cos #grow #December #quarter #RBI #data Aggregate sales of 1,701 listed manufacturing companies recorded a growth of 27.3 per cent in the third quarter of 2021-22 on an annual basis, aided by high sales growth in petroleum, non-ferrous

In the preceding week that ended on March 15, the forex reserves had increased by a more robust $6.4 billion to scale a record high of $642.49 billion.

RBI data revealed 8.6% year-on-year industry credit growth in February 2024, up from 6.8% in February 2023. Agriculture, food processing, and vehicle loans sectors showed significant credit variations compared to the previous year.