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domain	rbi.org.in
summary	Date: March 27, 2020 Subject: RBI announces further measures for dealing with the COVID-19 pandemic The Reserve Bank of India (RBI) has announced a series of measures to deal with the unprecedented challenges posed by the COVID-19 pandemic. These measures include: 1. Targeted Long Term Repo Operations 2.0 (TLTRO 2.0): RBI will conduct TLTRO 2.0 to provide liquidity support for a period of one year, with an option to roll over. This measure aims to enhance market liquidity and support credit flow to various sectors. 2. Way and Means Advances (WMA) Limit: In view of the financial requirements of the Government during these challenging times, RBI has decided to review the limits of WMA for the remaining part of the first half of the Financial Year 2020-21 from April 20, 2020 to September 30, 2020. 3. Conversion/Switch of Government of India (GoI) Securities: RBI has decided that GoI securities held in the Statutory Liquidity Ratio (SLR) portfolio and Cash Reserve Ratio (CRR) portfolio can be converted into other eligible securities issued by the GoI without any restrictions on the number of switches. 4. Market Hours: In light of the reduced footfall in various financial markets, the RBI has decided to extend the truncated market hours for a period of one month from March 23, 2020 to April 21, 2020. 5. Fixed Rate Reverse Repo and MSF window: RBI is extending the availability of the fixed rate reverse repo and MSF window till April 17, 2020. This decision has been taken in view of the uncertain market conditions due to the pandemic. 6. RBI Employees Contribution: RBI employees have made a voluntary contribution of Rs. 7.30 crore towards the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund. These measures are aimed at providing liquidity support to various sectors, ensuring smooth functioning of financial markets, and supporting the Government in its efforts to combat the COVID-19 pandemic.
title	Reserve Bank of India
description	description
keywords	bank, policy, press, reserve, india, speeches, statement, overview, release, faqs, resolution, notifications, information, framework, rate, committee, right
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nslookup	A 13.107.246.64
created	2024-02-12
updated	2024-10-21

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