RBI announces liquidity boost; Stocks of Indian hotel companies surge
The Reserve Bank of India has introduced a unique liquidity window for businesses that rely heavily on contact. Companies in certain areas, according to the notice, will be eligible to apply for a liquidity boost until March 31, 2022. The window is largely focused on the hotel and tourist businesses, providing them with access to working capital loans. 15,000 crore has been set aside for a special liquidity window.