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COVID-19 impact: What RBI's emergency rate cut means for your loans, fixed deposit investors


The RBI, today, cut the repo rate and reserve repo rate by 75 basis points and 90 bps, respectively (100 basis points/bps = 1 per cent). The repo rate now stands at 4.4 per cent and reserve repo rate at 4 per cent.

To calm the nerves of a stock market gripped by bears and to help liquidity conditions in the economy, the Reserve Bank of India (RBI) governor, Shaktikanta Das cut key policy rates on Friday. This was an emergency rate intervention by RBI after central banks across the world announced rate cuts to stave off a coronavirus-related ...


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