RBI announces new measures to maintain market stability
- Date: 31-Aug-2020
- Source: Gulf Today
- Sector:Financial Markets
- Country:GCC
RBI announces new measures to maintain market stability
RBI announces new measures to maintain market stability
an hour ago
RBI said it remains committed to use all instruments at its command to revive the economy. File / Reuters
The Reserve Bank of India (RBI) announced new measures on Monday to maintain stability in the financial system during the coronavirus pandemic, including two more tranches of special open market bond operations in its 'Operation Twist'.
The central bank said it would also raise the ratio of securities that banks can hold until maturity within their statutory liquidity ratio (SLR) or mandatory bond holding requirement, which would help limit losses due to market volatility.
"The RBI remains committed to use all instruments at its command to revive the economy by maintaining congenial financial conditions, mitigate the impact of COVID-19 and restore the economy