RBI announces Rs 50K liquidity for healthcare

TIL Desk/Business/Mumbai/ RBI announces Rs 50,000 crore liquidity for ramping up COVID-related healthcare infrastruture and services till March 2022.

Special long term repo operations for small finance banks to provide further support to micro, small & other unorganized sector entities, 3-yr repo operations of Rs. 10,000 crore at repo rate, for fresh lending up to Rs 10 lakh per borrower; facility up to 31 Oct’ 21.

Build-up in input price pressures across sectors, driven in part by elevated global commodity prices remains a concern. Inflation trajectory over rest of the yr will be shaped by COVID19 infections & impact  of localised containment measures on supply chains & logistics.

But even at this time, in run-up to next MPC (Monetary Policy Committee) when our teams are analysing various incoming data, we don’t expect any broad deviation from projections made in our April MPC but you’ll have to wait for MPC statement due in June 1st week.