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Under G-SAP 1.0, the central bank will purchase Rs 1 lakh crore-worth government securities, and the last transaction of such acquisition to the tune of Rs 40,000 crore is scheduled for June 17.
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The RBI Governor said the RBI will "continue to think and act out of the box", planning for the worst and hoping for the best.
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RBI has announced G-sec Acquisition Programme (G-SAP) 2.0 which will help in calming yields and control undue volatility faced by market participants in the government securities market.
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The auto fuel prices touched a new all-time high on Friday, with petrol becoming costly by 27 paise and diesel by 28 paise per litre
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MPC decided to maintain the status quo, that is keeping the benchmark repurchase (repo) rate at 4%.
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With people expressing their indignation, Google removed Kannada "as the ugliest language in India" and apologised to the people saying the search result did not reflect its opinion
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Total applications sanctioned under the scheme were 24.21 lakh as on May 30
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The registration process for the scheme will begin on Friday and remain open for 30 days till July 3, DoT said in a statement
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With such a sharp fall, the domestic passenger traffic reached lower than the June-July 2020 levels, rating agency Icra said
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IDBI Bank has secured a $239 million judgment in the commercial division of the High Court of London against a Cypriot subsidiary of India-based Essar Shipping Group