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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.
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 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 ...
Financial Times [3] terms a double-digit percentage fall in the stock markets over five minutes as a crash, while Jayadev et al. describe a stock market crash in India as a "fall in the NIFTY of more than 10% within a span of 20 days" or "difference of more than 10% between the high on a day and the low on the next trading day" or "decline in ...
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 ...
Indian Prime Minister Narendra Modi's televised address about Coronavirus on 19 March 2020 Modi's address about COVID-19 on 24 March 2020. On 19 March, during a 30-minute live telecast, Indian Prime Minister Narendra Modi asked all citizens to observe a 'Janata Curfew' (people's curfew) from 7 am to 9 pm on 22 March. During this curfew he asked ...
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 ...
India registered 6,767 new cases of the novel coronavirus on Sunday, the country's biggest 24 hour jump yet, taking the total to over 131,000. Airlines are preparing to resume about a third of ...