Within three weeks of launching the rescue act, the RBI#39;s rate setting panel#39;s meeting got advanced to deliver a deep cut of 0.70 percent in key rates, a reduction in cash reserve ratio by 1 percentage point, and an announcement of a three-month repayment moratorium on loan repayments and an assured liquidity support through the Targeted Long Term Repo Operations (TLTROs).Rescue acts, growth measures dominate RBI#39;s platter in 2020; new inflation target awaited in new year
Within three weeks of launching the rescue act, the RBI#39;s rate setting panel#39;s meeting got advanced to deliver a deep cut of 0.70 percent in key rates, a reduction in cash reserve ratio by 1 percentage point, and an announcement of a three-month repayment moratorium on loan repayments and an assured liquidity support through the Targeted Long Term Repo Operations (TLTROs).
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