Updated: Apr 17, 2020, 07:30 PM IST

Fresh RBI measures to have positive impact on liquidity, sentiments: FICCI

Praising the fresh measures of Reserve Bank of India (RBI) to soften the blow by coronavirus pandemic, the Federation of Indian Chambers of Commerce & Industry (FICCI) said the second set of central bank’s measures such as reducing the reverse repo rate would have positive impact on sentiments and liquidity. “FICCI warmly welcomes the 2nd set of RBI steps to address the COVID situation. These would have positive impact on both liquidity and more importantly on sentiments,” said Dilip Chenoy, Secretary General, FICCI.