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RBI’s list of options: Shaktikanta Das needs to do much more to fight economic fallout of coronavirus

RBI’s list of options: Shaktikanta Das needs to do much more to fight economic fallout of coronavirus

India’s central bank has a number of policy options to draw upon to cushion the economic blow from the coronavirus pandemic. With a limited fiscal response so far, the Reserve Bank of India has taken the lead in providing virus relief to the economy. It’s cut interest rates by 75 basis points, injected more than $50 billion of liquidity into the financial system, imposed a moratorium on loan repayments and relaxed some regulations on bad loans. Analysts say Governor Shaktikanta Das will need to do a lot more in coming weeks. Here’s a look at some of the policy options still available to him.

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