34 C
Kolkata
Wednesday, April 8, 2020
No menu items!
Home Business RBI CUTS REPO RATE BY 75 BASIS POINTS AMID COVID-19 OUTBREAK

RBI CUTS REPO RATE BY 75 BASIS POINTS AMID COVID-19 OUTBREAK

ANM News Desk: RBI governor Shaktikanta Das addressed the media on Friday. The address comes after Finance Minister Nirmala Sitharaman announced Rs 1.07 lakh crore stimulus package for the poor on Thursday amid the coronavirus outbreak.

Das stated that RBI advanced the monetary policy committee meeting to March 25-27 and voted 4:2 majority to cut repo rate.

Das said that the repo rate has been reduced by 75 basis points to 4.4% and the reverse repo-rate has reduced by 90 basis points to 4% in order to facilitate the economy during the coronavirus outbreak.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

DID DONALD TRUMP ACTUALLY THREATEN TO RETALIATE ? A BIG DEBATE

AVIJIT NANDI MAJUMDAR, EDITOR IN CHIEF: Did USA President Donald Trump threaten India into relaxing the ban on export of drug hydroxychloroquine ? Opinions are...

SONIA AD BAN CALL INVOKES CRITICISM

BY A STAFF REPORTER: Congress President Sonia Gandhi has called for suspension of all non essential foreign travels of ministers and suspension of central...

MAMATA ALLOWS FLOWER MARKET, TELANGANA CM ARGUES FOR EXTENSION OF LOCKDOWN

STAFF REPORTER, ANM News: Telangana Chief minister K Chandrasekhar Rao favors an extension of  nationwide lockdown arguing that economy can be revived, but saving...

INDIA A CORONAVIRUS DRUG SUPERPOWER !

AVIJIT NANDI MAJUMDAR, ANM News:  Super powers move over, now it's India's time to be the benefactor. China, USA, France, Spain, Japan, UK, Russia,...

Recent Comments