Mihir Vora, Director & Chief Investment Officer, Max Life:

The LTRO and swap announcements by RBI were expected, given the global environment and actions by other central banks. Rate action is also needed as the global economic situation is highly uncertain. We expect a pre-policy action by the MPC, maybe as soon as this week.

Fiscal measures are also needed in the current circumstances. We need coordinated action by RBI, Government and other market regulators and exchanges to prevent dislocation in any of the multiple markets and to cushion the impact of the Coronavirus-led slowdown.