Updated: Apr 18
These steps by RBI should be seen in conjunction with the package announced last week to ensure financial stability and support economic growth. While this morning’s measures are not as sweeping as those of last week, economic management in times of crisis requires regular tweaks to adjust the regulatory framework to the need of the hour.
It is important that the government too designs measures which work in tandem with RBI’s changes. Once the lockdown serves its immediate purpose, the most pressing challenge will be to revive the economy.