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By the first half of June 2020, India's fuel demand was 80–85% of what it was before the lockdown. However the Indian oil minister said that it would take a much longer time for the growth in demand to be restored to pre-COVID-19 levels. [225] Oil prices dropped sharply in 2020 following the COVID-19 pandemic. Demand also fell sharply.
India's economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global coronavirus outbreak stifles ...
The Reserve Bank of India announced that it would conduct $1.35 billion in open market purchases of government bonds, [351] the Bank of Korea announced that it would conduct a ₩1 trillion ($793.5 million) repo auction the following day, [352] and the National Bank of Poland announced that it would conduct open market purchases of government ...
The fall was also weighed by the global breakdown amid coronavirus pandemic centered in China. [35] On 28 February 2020, Sensex lost 1,448 points and Nifty fell by 432 points due to growing global tension caused by COVID-19 pandemic, [36] which W.H.O said has a pandemic potential. [37]
The battered Indian rupee will weaken further against the dollar over the coming year as a significant pickup in economic growth is unlikely, according to a Reuters poll of strategists who said ...
India's central bank is considering using unconventional policy tools to spur lending, three government officials told Reuters, amid fears that the coronavirus outbreak will derail any revival of ...
India reported its first case of COVID-19 in January 2020, and by March 2020, the government implemented a nationwide lockdown to contain the spread of the virus. However, this lockdown resulted in significant economic disruption and social challenges, particularly for the millions of informal workers who lost their livelihoods.
The European Investment Bank Group created a €25 billion Pan-European Guarantee fund to help small businesses recover from the COVID-19 crisis. As a result of this guarantee fund, the EIB Group, in partnership with local lenders and national promotional institutions, is able to increase its support to small and medium-sized companies.