The Federation of Indian Chambers of Commerce and Industry (FICCI) released its quarterly survey. The Indian economy is expected to expand 7% in fiscal 2022/23, slower than a previous estimate of 7.4% and the central bank's 7.2% projection, according to a survey by India's leading industry body.
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.
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