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RBI cuts Repo Rate to 4.4% to revive economy amid coronavirus crisis


The Reserve Bank of India has cut the Repo Rate by 75 basis points to 4.4 per cent and the Reverse Repo Rate by 90 basis points to 4 per cent.

RBI governor

In view of the coronavirus crisis, the Reserve Bank of India governor Shaktikanta Das on Friday announced a cut of 75 basis points in Repo Rate, bringing it down to 4.4% from 5.15%. The Reverse Repo Rate has also been slashed by 90 basis points to 4%.

Das informed that RBI's Monetary Policy Committee (MPC) voted for a huge reduction in repo rate ...


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