Top headlines: States want lockdown to continue; RBI calls for fiscal plan

From RBI opening special liquidity window to US states set to reopen amid unemployment spike, here are top headlines of the day

RBI to open Rs 50,000-cr special liquidity window to support mutual funds

The Reserve Bank of India (RBI) will open a special liquidity window of Rs 50,000 crore to ease pressure on mutual funds, which are facing liquidity strains due to heightened volatility in capital markets in the wake of the Covid-19 outbreak. The liquidity strains have intensified amid redemption pressures related to the closure of some debt MFs and potential contagious effects. The stress was, however, confined to the high-risk debt MF segment at this stage; the larger industry remained liquid, RBI said in a statement on Monday.