 "FPI")
Indian economic growth slowed down to 5.8 per cent in the last quarter of 2018-19. The decline in the sale of vehicles and consumer durables, and other negative indications point to a continuing slowing down of growth in the first quarter of 2019-20. In this environment, the RBI (Reserve Bank of India) may well feel the need to do its bit to jump-start the economy by pushing up lending.
To achieve this, the RBI sought and received $5.02 billion from market intermediaries in exchange for Rs 34,561 crore on March 28, 2019. The RBI accepted another $5 billion for Rs
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