RBI and the Bank Indonesia (BI) signed a Memorandum of Understanding on July 16, 2022, in Bali, Indonesia, on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting to improve mutual cooperation between the two central banks.
The annual rate of inflation based on the All-India Wholesale Price Index (WPI) is 15.18 per cent for the month of June, in a marginal drop from May when the figure stood at 15.88 per cent.
The World Bank approved a 500 million USD credit to help Bangladesh improve disaster preparedness against inland flooding in 14 flood-prone districts benefiting over 1.25 million people.
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