RBI infuses 50000 crore to boost liquidity in mutual funds
The Reserve Bank of India (RBI) seems to be making every effort to avert the economic downturn between the Coronavirus epidemic and lockdown. The Central Reserve Bank has announced a relief package almost twice since the lockdown began. Meanwhile, the latest news is that the RBI has now decided to revive Mutual Funds.
50 thousand crore rupees help
RBI has made a plan to get the mutual fund out of this crisis. For this, help of 50 thousand crores has been announced. This scheme of RBI will be applicable from today till May 11. With this, banks can apply to the RBI on any business day for funding. Experts say that the RBI has announced this facility to reduce the pressure of liquidity in mutual funds. With this announcement, RBI reiterated that it will take all possible steps to preserve financial stability and reduce the impact of Corona virus on the economy.
Experts say that Franklin Templeton Mutual Fund had decided to voluntarily discontinue its six credit schemes. Investors were stirred up after this announcement. After which experts were advising people not to invest. According to experts, the market situation was already bad. In such a situation, due to Corona, the situation has become worse. Because of which the danger on capital has increased.
