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RBI May Use Unconventional Tools To Combat Coronavirus Impact: Report

Anindita Ghosh 0
RBI May Use Unconventional Tools To Combat Coronavirus Impact: Report

The Reserve Bank of India (RBI) is considering using unconventional policy tools to spur lending, three government officials told Reuters, amid fears that the coronavirus outbreak will derail any revival of economic growth.

RBI is planning to infuse fresh cash liquidity into the system through a second round of long-term repo operations (LTRO), three sources aware of the matter told Reuters. They asked not to be named as discussions were still private.

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