Goa CM lauds measures announced by RBI

Panjim: Goa Chief Minister Pramod Sawant on Friday lauded the announcements made by Reserve Bank of India (RBI).

In a tweet, he said, ” The decisions announced by @rbi today would improve liquidity and provide great support to small businesses. PM Shri @narendramodi

ji is making consistent efforts to ensure that our economy remains strong in the recovery phase of this global crisis.”

The RBI on Friday cut the reverse repo rate by 25 basis points and unveiled a second set of measures to support the economy amid a slowdown caused by a lockdown to prevent spread of Corona virus.

RBI Governor Shaktikanta Das also pledged to boost liquidity and expand bank credit.