- 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
Related events
- The Reserve Bank of India sought views from the CEO of ICICI Bank on September 1, 2026.
- Axis Bank partnered with Citigroup to finance NRI investments in India, aiming to attract foreign currency and strengthen reserves.
- The Reserve Bank of India, World Bank, and AXIS Capital released research and forecasts tracking India's economic growth.
- Central bank policy influences banking sector operations, specifically regarding Axis Bank operating in the Indian financial market.
- The Reserve Bank of India and ICICI Bank are involved in managing financial policy and competing for foreign capital inflows.