Future economic policies need to be tailored towards supporting the economy, depending on how effects of pandemic play out, RBI executive director M Rajeshwar Rao said on Friday.
He said the first set of responses from the Reserve Bank of India was to ensure that the markets continue to function and ensure solvency in the financial sector.
Several measures, including reduction in Cash Reserve Ratio, special finance facility, Long Term Repo Operations (LTRO) and Targeted Long Term Repo Operations (TLTRO) were announced, he said at a webinar organised by Assocham.