RBI announces special liquidity window for mutual funds
By Administrator_India Capital Sands The RBI is opening a special liquidity facility of upto 500 billion rupees ($6.6 billion) to help mutual funds tide over a severe liquidity strain imposed by the coronavirus pandemic and redemption pressures, it said on Monday. Fund houses in India have struggled to allay investors’ fears of a flood of […]
India MPC minutes reiterate focus on mitigating COVID-19 risks to economy
By Administrator_India Capital Sands The impact of the novel coronavirus outbreak on the Indian economy would depend on the depth, duration and diffusion of the crisis, the Reserve Bank of India said in the minutes of its emergency monetary policy committee meeting in March. The RBI in late March cut its main short-term lending rate […]