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.
Vodafone Idea shares dive 12% as SC rejects $5B dues waiver
Vodafone Idea shares plummeted after the Supreme Court rejected its plea to waive over $5 billion in interest and penalties on statutory dues. The telecom