New Delhi, Mar 27 (UNI) Welcoming the Reserve Bank of India's decision cutting Repo rate and steps to provide more liquidity and direction on deferment of EMI dates, Prime Minister Narendra Modi on Friday said the measures will improve liquidity, reduce cost of funds, help middle class and businesses.
'Today RBI has taken giant steps to safeguard our economy from the impact of the Coronavirus. The announcements will improve liquidity, reduce cost of funds, help middle class and businesses,'the PM tweeted.
The RBI on Friday announced a host of measures aimed at minimising the damage from Covid-19.