The Reserve Bank of India has announced a Special Liquidity Facility of Rs 50,000 crore for Mutual Funds. This has been done by the central bank in order to ease liquidity pressures on the Mutual Funds. This is a measure taken by the RBI to mitigate the economic impact of COVID-19 and preserve financial stability.
Under the Special Liquidity Facility for Mutual Funds (SLF-MF), repo operations 90 days tenor would be conducted by the RBI at the fixed repo rate. The SLF-MF is on-tap and open-ended.
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