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COVID-19: Hit on GDP would spread into Q1FY21, says Soumya Kanti Ghosh of SBI

Updated : March 24, 2020 01:32 PM IST

Rate cuts by themselves will not solve the problem as we have seen in case of US. I think open market operations (OMOs) would have to be done aggressively over FY21.
There is no provision in the RBI Act of any state purchase of corporate bonds but right now we need to move beyond the traditional liquidity support, which the RBI is providing to the market.

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