ENA Sectors 2020-03-03 10:15:58 <p><strong>Mumbai, Mar 3 (KNN)</strong> Comforting the panic-hit market following global trend due to Coronavirus scare, the Reserve Bank of India (RBI) has assured to take appropriate action to ensure orderly functioning of financial markets.</p> <p>In a note, the RBI said that it is ready to take appropriate action to ensure orderly functioning of financial markets, maintain market confidence and preserve financial stability .</p> <p>The RBI's response comes in the wake of Indian benchmark indices fell over fears that the nascent recovery seen in the Indian economy could be hit by the coronavirus outbreak.</p> <p>Globally, the spread of coronavirus in US, Italy and Iran has resulted in investors moving away from equities and putting their bets on government bonds.</p> <p>The RBI further added that it is constantly tracking global and domestic developments and that spillovers to financial markets in India have largely been contained.</p> <p>---------------------</p> <p><iframe frameborder="no" scrolling="no" src="https://nativclick.com/test/3419.html" style="width:700px; height:250px;"></iframe></p> <p>---------------------</p> <p><iframe frameborder="0" height="500" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> 24649 https://knnindia.co.in/news/newsdetails/sectors/amid-coronavirus-scare-rbi-assures-appropriate-steps-to-ensure-orderly-functioning-of-financial-markets 2020-03-03 10:15:58 knnindia.co.in