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.
Rating agency Crisil has lowered India's real gross domestic product (GDP) growth forecast to 7.3% from 7.8% for FY23 from 7.8 per cent estimated earlier.
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