Market crash feared, now, FM Arun Jaitley surprises with liquidity announcement
After the Reserve Bank of India and market watchdog Sebi announcements to the effect that they are watching the financial markets and will step in if things get worse, it was the turn of FM Arun Jaitley to surprise all by making an announcement before the markets opened today.
Arun Jaitley said that the PM Modi led govt is ready to take steps to ensure adequate liquidity is maintained/provided to NBFCs, mutual funds and SMEs today. Image source: IANS