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.
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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