Foreign investors have pulled out close to $15 billion from Indian markets in March so far.
Reserve Bank has decided to further defer the implementation of the last tranche of 0.625 per cent of the CCB.
Even though digital transactions have been getting a push, economists say that there tends to be a strong element of caution at times of such emergencies.
Investors are moving to safe haven assets such as the US dollar or the US dollar denominated Treasury securities.
The central bank will inject as much as ₹1 lakh crore in variable repo trades.
"It is hereby notified for the information of the public that the validity of the directive dated September 23, 2019, as modified from time to time, has been extended for a further period of three months from March 23, 2020 to June 22, 2020, subject to review," the RBI said in a release.
Forex reserve fell from its peak of $487 billion to $481.9 billion for the week ended March 13.
The report factored in extension of shutdowns to contain the COVID 19 virus outbreak into April-end from mid-April.
Women borrowers in the age group 36-50 have risen by 33 per cent since December 2017. While older women have been borrowing at an even more rapid pace as women borrowers in the age group over 50 years have risen 41 per cent, according to a study by credit bureau Crif Highmark. Most preferred loans are unsecured loans, consumer loans and retail loans, according to Transunion Cibil.
India’s limited presence in global supply chain a blessing in disguise.
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