RBI is done keeping its powder dry as India brings out heavy artillery to fight virus

FM Nirmala Sitharaman had yesterday announced a Rs 1.70 lakh crore mega rescue package for the country's poor. This, along with today's RBI moves that will eventually release Rs 3.74 lakh crore of liquidity into the system, forms the frontline of India's response to the menace. Here is a look at how India is front-loading its countermeasures.

from Economy-News-Economic Times https://ift.tt/3aqQ6Ao