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 extends world’s biggest lockdown as coronavirus cases cross 10,000
By Administrator_India Capital Sands India extended on Tuesday a nationwide lockdown for its 1.3 billion people until May 3 as its prime minister warned of economic sacrifices to save lives as the number of coronavirus cases crossed 10,000. Sharp downward revisions to economic growth forecasts in the wake of the pandemic point toward sickening levels […]
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 […]