In a bid to provide liquidity support to the country in its fight against the second wave of the pandemic, the Reserve Bank of India announced 'on tap liquidity' of Rs 50,000 crore to the public in general.
“Reserve Bank of India will continue to monitor the emerging COVID-19 situation and will deploy all resources and instruments at its command especially for the citizens, business entities, and institutions beleaguered by the second wave," RBI Governor Shaktikanta Das said on Wednesday.
“This is the first part of a calibrated and comprehensive strategy against the pandemic," he added.
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