This situation suggests that there are factors at work, perhaps in both the US and euro-area economies, which have helped dampen the impact of this latest negative supply side shock. These factors include the following. First, there is a group of factors that might come under the general heading of structural changes in industrial economies.
The Reserve Bank immediately clarified that the Bank had sufficient liquidity and arranged to provide adequate cash to that Bank to meet the demands of its customers and helped that bank to keep its branches open at the affected places even on holidays to restore customer confidence.