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RBI’s fresh salve

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Setting the stage for a post-covid-19 economic revival requires both monetary and fiscal policy action. Reserve Bank of India (RBI) has plugged gaps left by its last announcements.

Now it’s time for the government to act. On Friday, RBI delivered a second liquidity package in less than a month to help money reach vulnerable smaller businesses and help the financial sector stay stable amid the economic disruption caused by the covid-19 outbreak.

RBI Governor Shaktikanta Das unveiled a slew of measures, including a ₹50,000 crore dose of extra funding to be done by banks and a quarter-percentage-point cut in its reverse repo rate, which is now down to 3.75%.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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