THE 24X7 NEWS
NEW DELHI: The Reserve Bank of India (RBI) has a number of policy options to draw upon to cushion the economic blow from the coronavirus pandemic.
With a limited fiscal response so far, the RBI has taken the lead in providing virus relief to the economy. It's cut interest rates by 75 basis points (bps), injected more than $50 billion of liquidity into the financial system, imposed a moratorium on loan repayments and relaxed some regulations on bad loans.
NEW DELHI: The Reserve Bank of India (RBI) has a number of policy options to draw upon to cushion the economic blow from the coronavirus pandemic.
With a limited fiscal response so far, the RBI has taken the lead in providing virus relief to the economy. It's cut interest rates by 75 basis points (bps), injected more than $50 billion of liquidity into the financial system, imposed a moratorium on loan repayments and relaxed some regulations on bad loans.
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