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RBI may use unconventional tools to combat coronavirus impact: Sources


Date: 05-03-2020
Subject: RBI may use unconventional tools to combat coronavirus impact: Sources
The Reserve Bank of India (RBI) is considering using unconventional policy tools to spur lending, three government officials told Reuters, amid fears that the coronavirus outbreak will derail any revival of economic growth.

RBI is planning to infuse fresh cash liquidity into the system through a second round of long-term repo operations (LTRO), three sources aware of the matter told Reuters. They asked not to be named as discussions were still private.

Globally, central banks are taking steps to provide liquidity to stabilize financial markets, which have sunk as the coronavirus spread over more than 80 countries.

Source: moneycontrol.com

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