Coronavirus impact on Indian economy will be limited: RBI Governor

Reserve Bank governor Shaktikanta Das assured that the central bank will take every measure needed to secure the economy against the challenges arising from the coronavirus epidemic.

The deadly virus that originated from China has spread to nearly 80 countries and has taken the lives of more than 3,300 people.

“We will be able to respond to the challenges emerging out of the coronavirus epidemic,” Das said at an industry event.

While noting that there are enough resources to fight the crisis, given the robust forex reserves, he also called for the IMF to launch a non-stigmatised currency swap lines to ease the liquidity pressures globally.

“RBI stands ready to intervene in whatever way required to respond to epidemic challenges,” Das said, as he expects global growth to slow down due to coronavirus.

He also said that all central banks are resolved to work in close coordination.