But, this time, the policy corridor was asymmetrically widened and the fixed rate reverse repo became the effective anchor for the evolution of short and longer5  term interest rates.
To improve transmission of policy rates and ensure flow of credit to the affected sectors, unconventional measures were used viz., the Long-Term Repo Operations (LTROs), targeted LTROs and special refinance facilities to All India Financial Institutions. A special liquidity facility for mutual funds aimed at assuaging redemption pressures was also instituted.