Coronavirus-driven recession looms large over India2 min read 17 Mar 2020, 12:16 AM IST
RBI governor says India is not immune to virus outbreak, announces measures to improve liquidity in markets, does not rule out a rate cut soon
RBI will conduct long-term repo operations worth up to ₹1 tn at the current policy rate and do another forex swap on 23 March to provide dollar liquidity to market
Mumbai: Central bank governor Shaktikanta Das on Monday announced measures to boost liquidity in the foreign exchange and domestic markets, even as he stopped short of cutting interest rates unlike his global peers.
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