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RBI has preserved financial stability of economy during COVID crisis, says Subbarao SECTIONS Last Updated: Dec 16, 2020, 10:14 PM IST Share Synopsis Subbarao noted that though governments and central banks of the world are presently operating from the playbook of the Global Financial Crisis in 2008-09, the coronavirus crisis is quite different. While GFC was an asset crisis that hit the financial sector first, the coronavirus crisis first impacted the real sector, he pointed out. The former RBI Governor said there were certain key elements to the central bank s monetary policy response so far. Agencies Subbarao, however, opined that given the excessive liquidity in the system it could become a challenge to wind down liquidity going forward.

Global financial crisisOpen market operationsTargeted long term repo operationsஉலகளாவிய நிதி நெருக்கடிதிறந்த சந்தை செயல்பாடுகள்இலக்கு நீண்டது கால ரெப்போ செயல்பாடுகள்