Current Affairs - National - Discussion

Discussion Forum : National - Latest Current Affairs (Q.No. 5326)
5326.
What amount will be infused by Reserve Bank of India into the banking system?
Rs 5.74 lakh crore
Rs 8.74 lakh crore
Rs 13.74 lakh crore
Rs 3.74 lakh crore
Answer: Option
Explanation:
Reserve Bank of India (RBI) declared an infusion of Rs 3.74 lakh crore into the banking system through three measures viz. targeted long-term repo operation (TLTRO), Cash Reserve Ratio (CRR) and marginal standing facility (MSF). The decision has been taken to tackle financial system stress raised due to the COVID-19 outbreak.
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