RBI on Friday announced delivered a major policy rate cut and unveiled several other measures to flood the market with cheaper funds in a bid to mitigate the pain of the Coronavirus-induced lockdown of the economy. The measures came hours after Finance Minister Nirmala Sitharaman had unveiled Rs 1.7 lakh crore relief package for the poor to help them tide over the disruption. However, the measures did not seem to have impressed equity markets. Though analysts and economists gave them a thumbs-up. Here is how Abheek Barua, Chief Economist & Executive Vice-President, HDFC Bank reacted to the RBI policy.
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