The RBI’s average daily gross interventions in the foreign exchange market in the previous financial year were 85% higher than the previous year as the rupee battled extraordinary global headwinds. The latest data show that on a gross basis, the RBI sold $212.57 billion and bought $187.05 billion in the previous financial year.
RBI project finance guidelines easier than draft, breather for lenders
The Reserve Bank of India has significantly reduced mandatory provision requirements for commercial real estate and infrastructure projects, offering relief to lenders. These revised guidelines,