Stocks of Indian hotel companies surge after RBI announces liquidity boost
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- The Reserve Bank of India (RBI) announced a separate liquidity window for contact-intensive industries.
- According to the announcement, companies from these sectors will be able to apply for liquidity boost till March 31, 2022.
- The separate liquidity window has been allocated ₹15,000 crore.
In his announcement, RBI governor Shaktikanta Das revealed that the liquidity window of an additional ₹15,000 crore will remain open till March 31, 2022. The window is primarily aimed at the hotel and tourism industries, giving them access to loans to meet their working capital requirements.
Adjusting for the second wave of COVID-19, Das also revised the gross domestic product (GDP) estimates downward by 100 basis points or 1% -- from 10.5% to 9.5%.
Note: All the prices shown below are as of 11:30 am, June 4, 2021.
Top hotel industry stock movements
Indian Hotels
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EIH – an Oberoi group company
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Taj GVK Hotels & Resorts
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EIH Associated Hotels
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Oriental Hotels
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