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Opinion | Will RBI’s big-bang monetary easing work?

India covid-19 outbreak economy crisis
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No matter how much extra money is pumped, it’s unlikely that the economy will be kickstarted at a time when all economic activity has come to a standstill and uncertainty is soaring On Tuesday, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) convened for an emergency meeting, ahead of schedule, to discuss its response to the economic challenges posed by the Covid-19 outbreak.

The MPC deliberated for three full days, but its decision would most probably have been sealed right at the onset. For that day, the Indian bond market saw no trades in the first twenty minutes.

The gap between the ask price and bids was so wide that the first trade for the day took place at 9:33 am. Gripped by uncertainty and fear about the future

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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
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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