RBI steps in with liquidity amid worsening Covid outbreak

Central bank “stands in battle readiness”, governor says, as virus death toll climbs

Shaktikanta Das
Shaktikanta Das
Photo: Press Information Bureau, Government of India

The Reserve Bank of India has launched an array of liquidity easing measures in a bid to support India’s response to a worsening Covid-19 outbreak.

The central bank today (May 5) created a term liquidity facility targeted at emergency health services. The facility is designed to help banks lend to key industries including vaccine manufacturers, oxygen suppliers and producers of medical equipment, as well as patients who need to pay for treatment.

The central bank also extended long-term loans

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