RBI raises WMA limit for states to help their fight against Covid-19

Along with its raft of measures to cut the Gordion knot tied up by the Covid-19 pandemic and to help improve the overall liquidity and credit flows in the system, the Reserve Bank of India on Friday also took another important measure of increasing the ways and means advances (WMA) limit of states.

The move is expected to provide greater comfort to the states for undertaking COVID-19 containment and mitigation efforts and to plan their market borrowing programs better.

Read More: https://www.bhaskarlive.in/rbi-raises-wma-limit-for-states-to-help-their-fight-against-covid-19/