The Reserve Bank of India (RBI) has launched a new smartphone application, ‘RBI Data,which aims to provide easy access to vital financial and economic information. With this software, users may effortlessly access over 11,000 different data series about India’s economy. The program seeks to make it easier to retrieve financial information by reducing the need to recall multiple economic indicators.
According to RBI, the app will provide financial and economic data in a user-friendly and visually appealing style. The software offers graphical representations and charts of time-series data, making it easier for users to see trends.
Users can also view details such as data sources, measurement units, update frequency, and history records. The app also contains a ‘financial Outlets’ feature, which allows users to find financial services within a 20-kilometer radius.
For regional financial information, the app includes a ‘SAARC Finance’ area with data on South Asian countries. It also provides direct access to the RBI data portal.
The app serves researchers, students, and professionals by providing easy access to extensive economic insights. Meanwhile, the RBI expanded the UPI credit line structure, allowing individuals to use pre-approved credit lines as funding sources.
