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Instead, gold was replaced by the dollar standard, with the proviso that dollars could be exchanged for gold.

FDI during Apr-Sep 2018-19 fell 11 pc to USD22.66 bn

FDI had increased at a five-year low growth of 3 per cent at USD 44.85 billion in 2017-18.

4 Feb 2019 2:00 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI likely to keep rates unchanged

The RBI is unlikely to change its policy rate in its forthcoming monetary policy meeting next week.

1 Dec 2018 2:24 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Current account deficit eases marginally to 2.4 pc of GDP in Q1...

In value terms, the CAD was higher at USD 15.8 billion in April-June this year.

7 Sept 2018 6:15 PM IST

A staggering amount of USD 15.253 billion was transferred abroad by Pakistani citizens through normal banking channels during the financial year 2016-17, according to a media report.

Cash-strapped Pakistan eyeing IMF bailout?

Pakistan needed USD 11.7 billion to service its external debt in current fiscal year 2018-19.

11 Sept 2018 7:08 PM IST