CII has also asked for a backstop facility to address liquidity crisis at NBFCs, and relief for MSMEs, besides a refinance facility for mutual funds.
Mumbai: Industry lobby group Confederation of Indian Industry (CII) on Thursday requested the Reserve Bank of India (RBI) to reduce the repo rate and cash reserve ratio (CRR) by 50 basis points (bps) each, among various measures aimed to ease liquidity for borrowers.
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