Question

Collect the information on liquidity boosting steps taken by RBI to counter corona fallout.

Answer 1

Answer:

• The central bank is likely to announce liquidity-boosting measures to help stabilise financial markets which have fallen sharply due to the coronavirus outbreak, a source said on Thursday.

• The Indian stock market plunged into bear territory on Thursday, with the blue-chip Nifty 50 sliding to its lowest in over 2-1/2 years, after the coronavirus outbreak was termed a pandemic and the United States suspended travel from Europe.
• The markets recouped some losses after the news with Nifty 50 and S&P BSE Sensex down over 6%, off day’s lows of over 7.5%.
• The market has been expecting an off-cycle interest rate cut by the Reserve Bank of India but the source said no such step is being mulled at this point in time. Another official confirmed this.
• “The RBI will look to push more liquidity in the market and ease repayment issues to sectors that have been disrupted by supply chains being broken down,” the source said.

Explanation:

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