RBI Implements New Financial Measures

RBI introduces a $10 billion (Rs 868.38 billion) FX swap & relaxes UCB norms to improve liquidity and enhance banking flexibility in India.

Shaktikanta Das, ex-RBI Governor, appointed as Principal Secretary-2 to PM Modi, boosting economic policy focus.

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RBI allows New India Co-op Bank depositors to withdraw up to ₹25,000 following financial challenges, offering relief.

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RBI cuts key repo rate by 25 bps to address India's manufacturing slowdown and stimulate economic growth.

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RBI expands Digital Rupee pilot, integrating it with UPI for easier digital currency transactions across India.

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RBI continues efforts to stabilize the financial system through liquidity support via foreign exchange swaps and OMOs.

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