The Reserve Bank of India (RBI) announced measures to inject durable liquidity into the banking system, including a ₹60,000-crore bond purchase and a $5-billion USD/rupee swap auction. These actions are expected to ease liquidity conditions and raise the probability of a repo rate cut in February, providing relief to the banking sector amidst high liquidity deficit concerns.
Oil shock from Iran war raises risks for India’s stock market
Escalating Middle East tensions are poised to further weaken Indian equities, with strategists warning of underperformance against global peers. Higher oil prices, driven by the