Special Liquidity Facility for Mutual Funds announces by RBI.

RS 50,000 crores Special Liquidity Facility for mutual funds announces by RBI.
RBI news
Source- Wikipedia

"Liquidity strains have intensified in the wake up redemption pressure related to closure of some debt Mutual Funds and potential contagious effect therefrom," said by RBI.

This decision came after US based Mutual Fund giant Franklin Templeton shuts 6 Indian fund. Due to coronavirus pandemic there is a capital market volatility and less liquidity lead to lesser confidence between investors. Therefore RBI trying to build confidence between investors by special announcement. 

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