NEW DELHI : After the Narendra Modi government extended the coronavirus lockdown till May 3, Reserve Bank of India (RBI) Governor Shaktikanta Das will make some important announcements at 10 am today.
He is likely to announce some fresh measures to cushion the economy during lockdown 2.0. In the meantime, Finance Minister Nirmala Sitharaman is also expected announce a fiscal stimulus package to revive the economy today.
The RBI has not disclosed the subject of the governor’s address, which will be broadcast on YouTube at 10 am. The government is slated to sell ₹20,000 crore of bonds today.
Its first auction of ₹19,000 crore was unexpectedly fully subscribed as investors bought on expectations that the RBI would purchase more debt in the