India's central bank unveiled a slew of measures on Wednesday as the second wave of the coronavirus pandemic cause severe strains on healthcare and medical facilities.
In an unscheduled speech, Reserve Bank of India Governor Shaktikanta Das announced that the central bank will provide an on-tap liquidity window of INR 500 billion, in order to provide immediate liquidity to the emergency healthcare infrastructure and services.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.