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RBI announces some new measures| maintaining Market stability

As the pandemic has hit hard to the financial system. On Monday the Reserve Bank of India has announced new measures to maintain the stability in financial system durung the times of corona , the worldwide pandemic.

This is revealed by the central bank that it would 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 to a path of sustainable growth while preserving macroeconomic and financial stability,” the central bank said in a statement.

 

 

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