RBI's huge move to revive Indian economy amid COVID-19 outbreak

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.