In an effort to stabilize the rupee, the Reserve Bank of India sold USD 14.9 billion. Banks are also re-engaging with defaulters to recover substantial written-off loans. The SWAMIH Fund has been effective in funding 147 projects, benefitting many home buyers. Interestingly, defaults on gold loans have plummeted for both banks and NBFCs. Moreover, Kisan Credit Card accounts now reflect over Rs 10 lakh crore in outstanding credit.

In an effort to stabilize the rupee, the Reserve Bank of India sold USD 14.9 billion. Banks are also re-engaging with defaulters to recover substantial written-off loans. The…

RBI sold $14.9 billion in Jan-May 2026 to curb rupee volatility, government tells Parliament