The Reserve Bank of India increases interest rates by 50 basis points to 7.25 per cent.
Most of the employees of the Reserve Bank of India, that country's central bank, go on strike demanding better pension benefits. The RBI acknowledges "some interruptions" in its clearing and settlement functions.
Stock markets in Asia and Australia continue to rebound after the United States Federal Reserve promises to keep interest rates near zero for two years. [https:--www.cnbc.com-id-44082079 (CNBC)]date=August 2019