Prime Minister Narendra Modi wearing homemade face mask while addressing the nation over coronavirus on May 14…Read More
NEW DELHI: Prime Minister Narendra Modi on Friday said that the Reserve Bank of India’s (RBI‘s) announcements “will greatly enhance liquidity and improve credit supply” in the system.
Taking it to Twitter, PM Modi wrote: “Today’s announcements by @RBI will greatly enhance liquidity and improve credit supply. These steps would help our small businesses, MSMEs, farmers and the poor. It will also help all states by increasing WMA (ways and means advances) limits.”
Today’s announcements by @RBI will greatly enhance liquidity and improve credit supply. These steps would help our… https://t.co/cIVDFPJ1F1
— Narendra Modi (@narendramodi) 1587109526000
Earlier in the day, the RBI cut the reverse repo rate and announced a slew of measures including re-finance window of Rs 50,000 crore and targetted long term repo auction of similar amount to deal with the impact of the Covid-19 pandemic.
The central bank’s governor Shaktikanta Das assured that RBI will use all