The recent update is that Indian exchanges have went against the decision of RBI in high court. It is possible that court may reverse the decision made by RBI.
Bitcoin in India is unluckily not legalized yet and is banned by the government. A huge portion of the whole population of the world live in India and legalizing the technology in the country will bring revolution in the technology. Besides, there will be an unexpected jump in the value of Bitcoin since the technology will be free to be used. But the government has their own interests and follows a different way.