The digital lending space in the country is abuzz with a bevy of financial technology (or fintech) companies — or peer-to-peer (P2P) lenders, as categorised by the Reserve Bank of India — entering the segment targeting the unmet demand from Indian micro, small and medium enterprises (MSMEs), as well as consumers, for credit.

The Reserve Bank of India might go ahead with its bond buying plan in the coming year, expects debt market participants given its significance in the event of a steep jump in aggregate market borrowings. Importantly, the RBI, on Wednesday, had offered a $5 billion rupee-dollar swap for three years to create liquidity, the Indian Express reported.

Asia’s worst-performing currency took five weeks to become its best.

The rupee opened slightly lower against the greenback on Wednesday, as investors braced for caution ahead of the outcome of the Federal Open Market Committee meeting later in the day.

Several theories explain why India’s new RBI governor took his boldest step yet. Little attention has been paid to the consequences. Last week, Governor Shaktikanta Das made an unexpected tweak to the Reserve Bank of India’s (RBI) traditional management of longer-term liquidity in the banking system: by buying and selling government bonds.