The RBI on Thursday allowed the opening of rupee (INR) accounts outside India by persons resident outside India (PROIs) as part of the 2024-25 agenda for internationalisation of the domestic currency.

The RBI has projected the country’s inflation rate, based on the Consumer Price Index (CPI), at 4.5 per cent for 2024-25 in the backdrop of an above-average monsoon expected this year and easing of supply chain pressures.

The RBI's annual report suggests that India's renewable energy and semiconductor sectors will see significant growth due to recent government initiatives, including a ₹6,903 crore allocation in the interim Union Budget 2024-25 for semiconductor and display fabs, aiming to establish India as a global hub for chip and electronics manufacturing.

The minimum support prices (MSPs) for both kharif and rabi seasons 2023–24 ensured a minimum return of 50 percent over the cost of production for all crops, according to the Reserve Bank's Annual Report.