Markets Rebound on Lower Oil Prices, RBI Forex Measures Boost Banking Stocks – The Indian Awaaz

RBI Boost Lifts Bank Stocks

Indian banking stocks rose after the Reserve Bank of India introduced a concessional forex swap facility for lenders raising funds through overseas foreign currency borrowings. The measure is part of a broader effort to attract foreign capital and strengthen the economy as it faces inflationary and growth pressures linked to the prolonged Iran conflict. The new facility allows banks to access subsidised currency swaps for overseas borrowings wit…

Markets Rebound on Lower Oil Prices, RBI Forex Measures Boost Banking Stocks – The Indian Awaaz

Last Updated on June 9, 2026 7:09 pm by INDIAN AWAAZ By Our Business Correspondent Indian equity benchmarks staged a strong recovery on Tuesday, aided by easing crude oil prices, supportive global market cues and robust buying in banking stocks following the Reserve Bank of India’s operational guidelines for its forex swap facilities. The benchmark Sensex gained 394.50 points, or 0.54 per cent, to close at 73,918.76, while the Nifty 50 rose 119.…

Indian banks lead market gains on RBI's foreign deposit initiative

Shares of Indian banks rose more than 1% on Tuesday, making them the top-performing sectoral gainers after the Reserve Bank of India issued detailed guidelines for a concessional foreign exchange swap facility that lenders can use for overseas borrowings.The move forms part of a broader package of measures announced by the central bank to attract foreign capital into the country at a time when India's economy is facing growth and inflation chall…