RBI's Rs 3.74 lakh crore liquidity boost into the economy & its impact on financial market
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The RBI Governor Shaktikanta Das has announced some extraordinary measures due to coronavirus outbreak including Rs 3.74 lakh crore liquidity boost for the financial markets are taken at easing the pain in the domestic economy. A massive 75 basis points cut in the repo rate at 4.4% will help in improving the sagging sentiments in the economy & RBI has offered a 3-month moratorium on loans that will help in halting NPA recognition.