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RBI cuts repo rate by 40 basis points, extends loan moratorium till August
Video Credit: HT Digital Content
Published on May 22, 2020 - Duration: 03:38s
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.
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