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RBI announces more measures to deal with economic fallout of COVID-19

RBI announces more measures to deal with economic fallout of COVID-19

After providing relief to borrowers and financial markets to handle the disruption caused by the Corona Virus disease (COVID-19) , the Reserve Bank has now come to the rescue of state governments, exporters and also provide relief to banks' capital concerns. It has not only enhanced state government's short-term liquidity needs, but relaxed export repatriation limits from nine months to 15 months and also said that capital conservation buffer may not be activated for a year The government has decided to enhance the WMA- a temporary facility to meet revenue mismatches- limits to states and union territories ahead of the recommendations of a committee it constituted for the purpose.

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