Reserve Bank of India governor Shaktikanta Das addressed the media on Friday amidst the steep fall in the rupee and the continuing volatility in other segments of the financial markets due to the coronavirus pandemic. Das made some significant announcements during the interaction.
We shall cure, we shall ensure, says Das. With this, Das concludes the presser.
As markets lose steam after RBI Governor's presser, Das hints at further stimulus going forth by RBI.Rupee gains 39 paise against US Dollar and trading at 76.47.
The liquidity coverage ratio is the requirement whereby banks must hold an amount of high-quality liquid assets that's enough to fund cash outflows for 30 days.