Sources from mumbai stated that India's central bank governor Shaktikanta Das underlined the need for fiscal measures to support the economy, saying a slippage in budget gap target was unavoidable amid the coronavirus crisis. Meeting the fiscal gap goal for the financial year started on april 1 3.5% of gross domestic product was very challenging and he expects the government to make a judicious call on managing the deficit.

 

The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india governor mentioned in an interview that the government will probably miss its fiscal deficit target of 3.5 per cent of GDP in financial year 2021 owing to the COVID-19 pandemic. The government is working on an economic package to tackle the impact of the virus, Das told Cogencis newswire in an interview whose transcript was released by the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india on Monday.

 

Meanwhile, the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india provided a Rs 50,000-crore shot in the arm to stressed mutual funds by unveiling a special liquidity facility for the sector. The Rupee opened higher against the US dollar but was weighed down after comments from the bank OF INDIA' target='_blank' title='rbi-Latest Updates, Photos, Videos are a click away, CLICK NOW'>rbi governor. Forex traders, however, said bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india governor Shaktikanta Das' comment on fiscal deficit weighed on the rupee sentiment.

మరింత సమాచారం తెలుసుకోండి: