Synopsis
The central bank announced a series of liquidity easing measures as its response to the COVID-induced contraction in the economic activity since end of March this year.
Agencies
Former RBI governor Duvvuri Subbarao
MUMBAI: Unwinding of the easy liquidity conditions will be a major challenge for the Reserve Bank which has done well in preserving financial stability of the economy post the COVID-induced nation-wide lockdown, according to former RBI governor Duvvuri Subbarao While managing a crisis is extremely difficult, RBI had been successful in preserving the financial stability of the economy during the present crisis said Subbarao, the central bank is going through an extremely difficult situation when they do not have a benefit of hindsight.