COVID-19 Response: RBI Has Provided The Right Monetary Vaccine For These Times

by Swarajya Videos - Mar 27, 2020 08:06 PM +05:30 IST

The Reserve Bank of India (RBI) delivered a surprise on 27 March as it announced a series of measures that would be critical in assisting the micro, small, and medium enterprises (MSMEs) through the present lockdown caused by the coronavirus pandemic.

These measures include substantial rate cuts (75 basis points for the repo and 90 basis points for the reverse repo) along with liquidity enhancement measures such as long-term repo operations, a reduction in cash reserve ratio (CRR) levels to the lowest since 1962, and more significantly, advising banks to announce a moratorium on term loans for three months.

We got policy researcher Karan Bhasin to give his take on the central banker's decisive moves.


Subscribe to Swarajya on YouTube.

Get a Swarajya subscription.

Get Swarajya in your inbox everyday. Subscribe here.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber

Latest Videos