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Reserve Bank of India slashes repo rate by 40 bps to 4%

Zee News Friday, 22 May 2020 ()
The Central Bank has reduced the key policy rate for the second time this year.
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News video: Equity indices in red after RBI rate cut, banking stocks down as loan moratorium extended

Equity indices in red after RBI rate cut, banking stocks down as loan moratorium extended 01:14

Equity benchmark indices closed lower on Friday due to underperformance by banking and financial stocks as the Reserve Bank of India forecast contraction in H1 FY21 GDP growth, cut repo rate by 40 basis points to inject liquidity and extended the loan repayment moratorium by another three months up...

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