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    RBI Governor says Indian economy’s medium-term outlook remains uncertain

    11 Jul 2020

    According to most estimates, the Indian economy will register a record contraction of over 4.5% in the current fiscal year that started on April 1 due to the pandemic.

    India clears Yes Bank rescue, private banks to buy stakes

    13 Mar 2020

    India’s cabinet has approved a rescue plan for Yes Bank, the finance minister said on Friday, as authorities look to prevent a broader banking crisis.

    SBI may implement resolution plan for Yes Bank before RBI deadline

    07 Mar 2020

    State-owned insurer Life Insurance Corporation may consider joining RBI efforts to rescue Yes Bank. The minimum investment for SBI would be Rs5,500 crore if it picks 26 per cent stake in Yes Bank.

    Foreign exchange reserves in India plunge by $5.34 billion

    21 Mar 2020

    India’s foreign exchange reserves plunged by $5.34 billion during the week ended March 13. According to the RBI’s weekly statistical supplement, the overall forex reserves,

    Rate cut fails to boost Indian stock markets, Sensex down

    27 Mar 2020

    Indian stock markets erased all their initial gains on Friday, with the BSE Sensex closing 131.18 points lower, although the Reserve Bank of India (RBI) announced an emergency rate cut of 75 basis points.

    India cuts rates as distress mounts across South Asia

    27 Mar 2020

    India’s central bank slashed interest rates in an emergency move on Friday to counter the economic fallout from the coronavirus pandemic after the federal government locked down the country in order to slow the spread of infections across the region.

    RBI to conduct six-month forex swap worth $2 billion

    17 Mar 2020

    In a bid to ease the US dollar requirements of open market, the Reserve Bank of India (RBI) decided to conduct a six-month swaps worth $2 billion to provide liquidity to the foreign exchange market (forex).

    RBI steps in to calm financial markets over coronavirus

    03 Mar 2020

    In a bid to calm the Indian financial markets the Reserve Bank of India (RBI) on Tuesday said that it is ready to take “appropriate action” to ensure the orderly functioning of financial markets.

    India’s top court strikes down RBI banking ban on cryptocurrency

    04 Mar 2020

    The ban led to plummeting trade volumes and exchanges shutting their businesses. A three-judge Supreme Court bench said in their ruling that while the central bank had the power to take pre-emptive action, the court questioned the "proportionality" of such measures.

    RBI announces Rs10,000 crore purchase of govt securities

    19 Mar 2020

    The Reserve Bank of India (RBI) announced it would purchase government securities worth Rs10,000 crore through open market operations in a bid to increase liquidity and enhance confidence in the market amid the coronavirus crisis.

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