New Delhi, Mar 27: The Reserve Bank of India, today announced the reduction of repo rate cut considerably to help the country tide over the coronavirus disease pandemic.
The monetary policy voted to reduce repo rate by 75 basis points that is 4.4 per cent. The reverse repo rate was reduced by 90 basis points, RBI Governor, Shaktikanta Das said at a press conference here.
He further said that it would be unproductive for banks to park money with the RBI. They will have to give it to the people, he further added. Tough times do not last. Only ...
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