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Business Standard

RBI's rescue act

The move to avoid the moratorium route is a wise one

Topics
RBI | Coronavirus | Banking sector

Business Standard Editorial Comment 



The Reserve Bank of India (RBI) did most of the heavy lifting last year in terms of providing relief to the Indian economy hit by disruption caused by the Covid-19 pandemic. The second wave has now prompted the central bank to come up with a fresh set of measures to support different segments of the economy. A rapid surge in Covid-19 cases has overwhelmed the medical infrastructure in different parts of the country, forcing state governments to impose restrictions on public mobility, which will affect both demand and supply. Lower output will potentially reverse the ongoing economic recovery. Although the impact is likely to be less severe than last year, disruption in economic activity will add to the overall cost.

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First Published: Wed, May 05 2021. 21:39 IST

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