Business Standard

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
Premium

The larger industry remained liquid, RBI said in a statement.

BS Web Team New Delhi
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. 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 27 2020 | 4:16 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com