Debate: How will RBI's steps of maintaining liquidity in market help economy?
admin
Updated at:
17 Apr 2020 01:00 PM (IST)
Download ABP Live App and Watch All Latest Videos
View In App
The Reserve Bank of India (RBI) has announced some major moves to revive the Indian economy amid Coronavirus outbreak. RBI Governor Shaktikanta Das declared the cutting of its reverse repo rate by 25 basis points to 3.75 percent.
On the other hand, RBI will launch a long-term repo operations (TLTROs) worth Rs 50,000 crore in order to provide assistance to non-banking financial companies. Another Rs 50,000 crore will be lent to institutions such as NABARD, SIDBI and NHB.
But how will these steps help the economy? How will these steps affect you? Here is a debate to explain all about it
On the other hand, RBI will launch a long-term repo operations (TLTROs) worth Rs 50,000 crore in order to provide assistance to non-banking financial companies. Another Rs 50,000 crore will be lent to institutions such as NABARD, SIDBI and NHB.
But how will these steps help the economy? How will these steps affect you? Here is a debate to explain all about it