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RBI cuts repo rate by 40 bps

Hindu Friday, 22 May 2020 ()
The MPC is of the view that the  macroeconomic impact of the pandemic is much severe than expected.
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Video credit: HT Digital Content - Published
News video: RBI cuts repo rate by 40 basis points, extends loan moratorium till August

RBI cuts repo rate by 40 basis points, extends loan moratorium till August 03:38

RBI slashed its key policy rate for a second time this year. It cut the repo rate by 40 basis points to 4%. The reverse repo rate was also reduced by 40 basis points to 3.35%. RBI also announced a further extension on moratorium on loans by another three months. Watch the full video for more details

Related videos from verified sources

RBI cuts repo rate by 40 basis points extends loan moratorium till August [Video]

RBI cuts repo rate by 40 basis points extends loan moratorium till August

RBIcutsreporateby40basispointsextendsloanmoratoriumtillAugust

Credit: LiveMint     Duration: 03:38Published
Equity indices in red after RBI rate cut, banking stocks down as loan moratorium extended [Video]

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

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..

Credit: ANI     Duration: 01:14Published

Related news from verified sources

RBI cuts repo rate by 40 bps; extends loan moratorium till August

The MPC is of the view that the  macroeconomic impact of the pandemic is much severe than expected.
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