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GDP Growth Seen In Negative Territory: RBI's 5 Big Announcements
23 May 2020, 10:28 AM IST i

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RBI cuts the repo rate by 40 bps to 4 per cent an reverse repo rate to 3.35 per cent.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced a cut in the repo rate to 4 per cent from the existing 4.4 per cent in a surprise move, and extended a loan moratorium to banks by another three months in view of the coronavirus pandemic and the weeks-long lockdown. In his first address to the media after the government unveiled a fiscal and monetary stimulus worth Rs 20.97 lakh crore to support the economy, th...
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