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RBI Eyeing Liquidity-Boosting Steps To Soothe Markets

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.

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India's 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 official, who did not want to be identified, also said that policymakers have not yet made a call on whether to make any off-cycle interest rate changes.

"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 official said.

(Reuters)


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reserve bank of india india financial markets