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RBI should look at more bolder steps: Mint Survey
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MUMBAI : Reserve Bank of India should look at firing another bazooka round to help boost the sagging economy from the weight of an extended lockdown, according to a survey conducted by Mint.
All the respondents - economists, treasury heads and chief financial officers - unanimously agreed that RBI should look at corporate bond purchases and facilitating a credit guarantee scheme along with the government.
RBI has been reluctant to follow in the footsteps of US Federal Reserve and purchase corporate bonds directly from the market.
With investors like mutual funds and insurance companies facing redemption pressures, RBI will have to step in to directly purchase bonds of large enterprises and leading NBFCs to boost liquidity.
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