Reserve Bank of India (RBI) governor Shaktikanta Das will tackle a press conference today at 10 am. This will likely be third presser of the governor within the context of COVID-19 associated measures in final two months.
— CNBC-TV18 (@CNBCTV18Dwell) May 22, 2020
The first one was on 27 March and the second on 17 April.
In the primary two pressers, the RBI governor introduced a collection of measures to ease liquidity stress within the banking system and cushion the financial system from the COVID-19 shock.
These included a sharp 75 foundation factors price reduce in March and liquidity measures price at least Rs 5 lakh crore in two rounds.
Besides, the RBI introduced a three month moratorium for all time period mortgage repayments between March 1 and May 31.