RBI steps in to calm financial markets
Earlier European Central Bank had said that it is ready to take `targeted` action to address the economic impact of the outbreak while the US Federal Reserve last week said that it would use its tools and "act as appropriate to support the economy (sic.)".
In a bid to calm the Indian financial markets the Reserve Bank of India on Tuesday said that it is ready to take "appropriate actions" to ensure the orderly functioning of financial markets, Photo: Reuters