RBI cuts repo rate by 75 bps, allows 3-month moratorium on EMIs
Updated: 27 Mar 2020, 09:51 PM IST
RBI Governor Shaktikanta Das announced the reducti... moreRBI Governor Shaktikanta Das announced the reduction of repo rate amid COVID-19 pandemic. During a press conference in Mumbai, Das said, The Monetary Police voted to reduce repo rate by 75 basis points - to 4.4 per cent. The reverse repo-rate reduced by 90 basis points to four per cent.
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