The Reserve Bank of India announced a series of new measures to increase the foreign exchange inflows in its efforts to mitigate the rupee's dramatic decline as the safe-haven dollar has reigned supreme against almost every single currency.
D-Street reads good signals in RBI package for Covid 2.0, avoidance of fresh moratorium
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Analysts said RBI’s assurance on policy support would soothe market sentiment, but said any upside from here on will be limited.
The 30-pack remained steady even after the RBI press conference.
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NEW DELHI: RBI Governor Shaktikanta Das on Wednesday announced a slew of liquidity and restructuring measures, aimed at offering emergency relief to the Covid-hit MSMEs and small borrowers and ease access to healthcare services.
Analysts said RBI’s assurance on policy support would soothe market sentiment, but said any upside from here on will be limited.