Equity indices in red after RBI rate cut, banking stocks down as loan moratorium extendedEquity 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..
RBI cuts repo rate by 40 basis points, extends loan moratorium till AugustRBI 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..