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Below are Quote on RBI announcement from Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"Governor Sakthikanda Das reassured the nation and markets that the RBI would be pro-active to ameliorate the pain and help businesses & boost the economy. Term liquidity of Rs 50000 cr as on-tap liquidity for access to the emergency health facility, 3-year TLTRO for small finance banks, another instalment of G-SAP of Rs 35000 cr, lending by SFBs to MSMEs to be classified as priority sector lending... are all timely steps in the right direction. The fact that there is no moratorium announcement will be seen by the markets as positive since the message is that the situation is not bad as to warrant another moratorium"

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