RBI reduces repo rate by 40 bps: Key points

Credit: IndiaTimes- Published 1 week ago
Reserve Bank of India (RBI) governor Shaktikanta Das on Friday addressed the media as the government extended the nationwide lockdown to curb the spread of the deadly coronavirus. This is the third briefing by the RBI governor in context of coronavirus related measures in the last two months.

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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