RBI considers releasing BoP data every month

· Aims to reduce lag and boost policy agility

- FE BUREAU

THE RESERVE BANK of India (RBI) is considering monthly release for the balance of payments (BoP) data, Deputy Governor Poonam Gupta said on Wednesday.

"We are working on the monthly (data release) ... the rationale is to give better and more data," she said. Speaking at an event conducted by the Ministry of Statistics and Programme Implementation, Gupta highlighted the central bank's commitment to improving the timeliness and frequency of its statistical outputs. Currently, BoP data is shared quarterly.

"Traditionally, certain data sets are published with a lag of up to 90 days. This delay has now been reduced to 60 days, and the RBI is working to shorten it further," she said. "The RBI aims to release monthly BoP statistics, albeit at a slightly more aggregated level, with a lag of around 40 days."