Indian Crypto Exchanges drop fiat currency support.

Indian crypto exchanges announced the shut down of their fiat deposits and withdrawls from 5th july onwards as banks refuced to accept through crypto exchanges.

RBI(reserve bank of india) issued a circular on April 6 banning all finincial institutions under its control from providing services to Cryptocurrency exchanges, starting on july 5.

Zebpay, first and one of the largest exchanges announced Wednesday
“Today we are disabling the rupee deposit and withdrawl option on the zebpay app. This is being done in light of the bank account closures as per the RBI guidelines.
INR deposits and withdrawls have been paused in the Zebpay app until banks allow again. “

They also warned customers that rupee deposits and withdrawls may become impossible.

Another major Indian crypto exchange, Unocoin, Issued a statement
“Banking services are expected to be revoked this week. if you are withdrawing or depositing any rupees in Unocoin, there could be a time when we may not honour such requests. “

So what do you think how this would affect the crypto market?
What would be the next action of RBI?