RBI unexpectedly slashes repo rate by 40 bps

Credit: Reuters India- Published 2 weeks ago
The Reserve Bank of India on Friday unexpectedly slashed its key policy rate for a second time this year, in a move to counter the economic fallout from an ongoing nationwide lockdown to contain the spread of the novel coronavirus.

Video credit: HT Digital Content
Published 2 weeks 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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