- Initial agreement confirmed on war termination, affecting oil prices and supply, involving Iran.
- An interim deal to end hostilities was reached, resulting in the toll-free opening of the Hormuz Strait.
- Sustained pause in West Asia hostilities amid trade dependence on shipping chokepoint.
- Amid a war outbreak in West Asia, the Reserve Bank of India introduced specific measures, including hedging cost support and swaps, to stabilize the currency.
Axis Bank and ICICI Bank are utilizing the Reserve Bank of India's lower-cost hedging facilities amid higher oil prices impacting investor sentiment.
4 reports, 1 independent
Updated Aug 11
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What happened
Axis Bank and ICICI Bank are utilizing the Reserve Bank of India's lower-cost hedging facilities amid higher oil prices impacting investor sentiment.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Axis Bank and ICICI Bank raise funds via dollar bonds and a swap facility.1 source
Major banks are using RBI's hedging facilities while high oil prices affect market sentiment.1 source
Keep exploring
Part of
Amid a war outbreak in West Asia, the Reserve Bank of India introduced specific measures, including hedging cost support and swaps, to stabilize the currency.Also in this story
- RBI intervenes to curb rupee declines amid West Asia conflict, while Barclays monitors the impact of geopolitical events on global markets.
- RBI mandates banks to wind down open positions and imposes caps on net open positions amid West Asia crisis.
Within Initial agreement confirmed on war termination, affecting oil prices and supply, involving Iran.
The entities involved
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Reserve Bank of India
central bank of India