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Deficit funding to rate cuts are RBI's Shaktikanta Das options to fight COVID-19
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Analysts say RBI 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 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
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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