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India Inc sees ray of hope from RBI relief measures

India city Mumbai outbreak economy Government
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MUMBAI: India Inc on Friday welcomed RBI’s liquidity boosting measures that included a cut in benchmark repo rate by 40 basis points, extension of moratorium on term loans and increase in group exposure limits for lenders.

A number of industry leaders, who spoke to Mint, maintained that the latest measures by the central bank will aid economic recovery by fuelling demand that had been severely hit by covid 19 outbreak. “This affordable credit coupled with moratorium extension will help restart the economic engine," said Bhavesh Gupta, CEO, Clix Capital, a non-banking finance company (NBFC) which mainly focuses on retail and small business loans. “Repo and reverse repo rate to multi-year low rates will give the much needed liquidity boost

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
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Deaths: 608 235
Recovered: 0
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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