The USD/INR weakened in NDF markets beyond 74.55 as parts of India clamped down against the virus, shutting down schools, malls and common gatherings and business coming to a grinding halt across the country.US Fed to buy USD 500 BN of Debt Securities across Maturities. RBI intervenes in swaps and spot to arrest slide. The Federal Reserve has stepped into financial markets for the second day in a row and the third time this week, this time dramatically ramping up asset purchases amid the turmoil created by the coronavirus."These changes are being made to address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak,” the New York Fed said in a statement released early Thursday afternoon amid a washout on Wall Street that was heading toward the worst day since 1987.Stocks were off their lows following the announcement though some of the gains were pared as the market digested the moves.One part of the announcement saw the Fed widen the scale for its $60 billion worth of money Treasury purchases, which to now had been confined to short-term T-bills.