India’s central bank has taken additional measures to maintain liquidity in the financial sector and support lending activity as the country responds to economic disruptions caused by the Covid-19 pandemic, Gov. Shaktikanta Das said Friday.

The Reserve Bank of India will conduct 500 billion Indian rupees ($6.51 billion) worth of targeted long-term repo operations and cut its reverse repo rate by 25 basis points to 3.75%, Mr. Das said.