RBI cuts key rates, loan EMIs set to come down

Credit: IndiaTimes- Published 1 week ago
Interest rates on loans are set to fall further as the RBI slashed its key policy rates for the second time in two months to counter the economic fallout of the coronavirus outbreak. RBI governor Shaktikanta Das unveiled a 40 basis points cut in the benchmark repurchase rate to 4%. Consequently, the reverse repo rate was also...

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

You are here

Related videos from verified sources

Pro Chefs Rate Foods from 1-100 21:33
Credit: Bon Appetit - Published 1 week ago 


U.S. Birth Rates Drop to Lowest Rate in 35 Years While the Fertility Rate Drops to Lowest Number Since 1909 00:53
Credit: Veuer - Published 1 week ago 


Related news from verified sources

Interest rates on loans are set to fall further as the RBI slashed its key policy rates for the second time in two months to counter the economic fallout of the...
1 week ago • IndiaTimes

The Reserve Bank of India on Friday unexpectedly cut key interest rates by 40 basis points, citing negative GDP growth in the current fiscal amidst a "double...
1 week ago • IndiaTimes

You might like