BSC Insights – RBI-Press Release on Monetary Reforms – COVID-19

A day after Modi govt. began its economy rescue in right earnest with INR 1.70 lakh crore coronavirus counter, the Reserve Bank of India joined the big fight today with a host of measures aimed at minimising the damage from Covid-19. Today RBI has taken giant steps to safeguard our economy from the impact of the Coronavirus. This is an updated guide on the measures taken by RBI to improve liquidity, reduce cost of funds, help middle class and businesses. These measures come just hours after Moody’s Investors Service cut India’s growth forecasts for 2020 calendar year to 2.5% from 5.3%.

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