ClimateAugust 9, 2026

concessional

kuhn-SESH-uh-nuhl

Definition

Relating to or granted as a concession, often involving terms that are more favorable or lenient than standard market rates.

Etymology

The word is derived from the Latin 'concessio', meaning 'an act of yielding'. It entered English in the 17th century to describe the act of granting something, typically as a privilege or a formal demand.

In the news

In financial contexts, concessional terms are often used to describe favorable lending or funding conditions provided by institutions like the RBI to stabilize markets. It matters here because such support mechanisms directly influence currency strength.

Rupee Posts Weekly Gain as Oil Falls, RBI Support Steadies FX

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