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RBI surprises with reverse repo rate cut in bid to spur bank lending

Reuters India Friday, 17 April 2020
The Reserve Bank of India unexpectedly cut its key deposit rate for the second time in three weeks on Friday to discourage banks for parking idle funds with it and push them toward lending to revive the flagging economy amid the coronavirus lockdown.
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Video credit: Oneindia - Published
News video: RBI cuts reverse repo rate by 25 points to boost liquidity, Rs.50,000-crore push for lenders

RBI cuts reverse repo rate by 25 points to boost liquidity, Rs.50,000-crore push for lenders 01:14

RESERVE BANK OF INDIA GOVERNOR SHAKTIKANTA DAS TODAY BROUGHT IN A SLEW OF MEASURES TO PROVIDE LIQUIDITY, FACILITATE BANK CREDIT, ENABLE NORMAL FUNCTIONING OF THE MARKETS, AND EASE FINANCIAL STRESS TO AN ECONOMY STRUGGLING AGAINST THE DEADLY CORONAVIRUS. AMONG THE EMERGENCY MEASURES TODAY, RBI CUT THE...

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