Business »  Topic »  RBI joins coronavirus fight with big-bang rate move, EMIs put on hold

RBI joins coronavirus fight with big-bang rate move, EMIs put on hold


Make no mistake, it is a fight never seen before, Das warned while outlining the risks to Indian economy .

A day after Modi govt began its economy rescue in right earnest with a Rs 1.70 lakh crore coronavirus counter, the Reserve Bank of India joined the big fight today with a host of measures aimed at minimising the damage from Covid-19.

These measures come just hours after Moody's Investors Service cut India's growth forecasts for 2020 calendar year to 2.5% from 5.3%.

A moratorium of three months of EMIs on all outstanding loans was announced ...


Read the full text economictimes