Wednesday, March 4, 2020
RBI Governor Shaktikanta Das in an interview with Bloomberg News in Mumbai just before finance ministers and central bank chiefs from the G-7 economies were scheduled to discuss policy options, said: “there is a strong reason for coordinated policy action.” For India, options include a rate cut and supporting the market through liquidity measures, he said.
We’re ready for a response if the situation requires,” Das said.“I think the G-7 countries are having a conference. And going forward, in the near future, I do expect some discussion through video conference or telephone conference among the central banks of the large economies, including India.”
