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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 fear of COVID-19 outbreak has created havoc all over the globe and India is no exception. Further, the recent Yes Bank crisis also made the markets fell. [ 39 ] The markets ended in red with Sensex closing on 35,634.95 and Nifty-50 on 10,451.45.
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 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 ...
The COVID-19 pandemic caused far-reaching economic consequences [1] including the COVID-19 recession, the second largest global recession in recent history, [2] decreased business in the services sector during the COVID-19 lockdowns, [3] the 2020 stock market crash (which included the largest single-week stock market decline since the financial ...
India's gas demand is being hit by state-level restrictions aimed at stemming a rampant second wave of coronavirus infections, the chief executive of Adani Total Gas Ltd said on Tuesday. With 3.45 ...