Whether it’s dining out or ordering in, food continues to be India’s favorite indulgence, supported by impressive growth numbers. Spending at restaurants and eateries has surged notably this year, with Unified Payments Interface (UPI) transactions climbing 34% to reach 14 billion in the six months leading up to September—up from 10.4 billion during the same period last year. The total value of these payments also rose significantly to ₹1.9 lakh crore from ₹1.5 lakh crore, highlighting the country’s strong appetite for culinary experiences.
RBI likely sold $12 billion in gold reserves amid rupee pressure
India’s central bank, the Reserve Bank of India (RBI), is estimated to have sold nearly $12 billion worth of gold reserves within a two-week period ending May 22. The assessment, based on...
