RBI may come to the rescue of bleeding markets with liquidity-boost

Reserve Bank of India (RBI) is likely to announce liquidity-boosting measures to help stabilise financial markets which have fallen sharply due to the coronavirus outbreak, a source said on Thursday.

The Indian stock market plunged into bear territory on Thursday, with the blue-chip Nifty 50 sliding to its lowest in over two and half years, after the coronavirus outbreak was termed a pandemic and the United States suspended travel from Europe. The markets recouped some losses after the news with Nifty 50 and S&P BSE Sensex down.....

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