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United Breweries, Indian Hotels: RBI policy fires up hotel, liquor stocks

In order to mitigate the adverse impact of the second wave of the pandemic on certain contact-intensive sectors, a separate liquidity window of Rs 15,000 crore is being opened till March 31, 2022

hotels, staycation, reception, coronavirus, hospitality, restaurants, tourism
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SI Reporter Mumbai
Shares of hotels, restaurants and its related business companies rallied up to 10 per cent on the BSE in intra-day trade on Friday after the Reserve Bank of India (RBI) announced a separate liquidity window of Rs 15,000 crore, to be opened till March 31, 2022, for contact-intensive sectors.

“In order to mitigate the adverse impact of the second wave of the pandemic on certain contact-intensive sectors, a separate liquidity window of Rs 15,000 crore is being opened till March 31, 2022 with tenors of up to three years at the repo rate,” RBI Governor Shaktikanta Das said in

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