RBI cuts repo rate by 40 bps; extends loan moratorium till August

Credit: Hindu- Published 1 week ago
The MPC is of the view that the  macroeconomic impact of the pandemic is much severe than expected.

Video credit: HT Digital Content
Published 1 week ago -  03:38
RBI cuts repo rate by 40 basis points, extends loan moratorium till August
RBI slashed its key policy rate for a second time this year. It cut the repo rate by 40 basis points to 4%. The reverse repo rate was also reduced by 40 basis points to 3.35%. RBI also announced a further extension on moratorium on loans by another three months. Watch the full video for more details

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