The RBI will save mutual funds from Rs 50,000 crore

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New Delhi, 27 April 2020 Monday

The Reserve Bank of India (RBI) on Monday raised Rs. 50,000 crore has been announced. The RBI has taken this step to boost confidence in the financial markets.

Especially on occasions when the last few months have seen a lot of impact. The series also includes the Franklin Templeton Fiasco.

This is one of the many steps taken by the RBI to maintain economic stability amidst the current uncertainty.

RBI Governor Shaktikanta Das has said that the RBI will take all necessary steps to maintain market stability. They called it a "war-like situation."

Earlier in April, he said, "The Reserve Bank of India will remain vigilant and will not hesitate to take necessary steps." We will take necessary and conventional or unconventional measures to reduce the impact of Covid-19, so that the growth cycle can continue and financial market stability can be maintained.

The central bank said during the announcement of the Rs 50,000 crore relief that there is liquidity pressure in mutual funds, which has increased with the closure of the Franklin Templeton Debt mutual fuse.

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