RBI announces repo rate cut by 75 basis points

Last updated: 28 March 2020

In the view of the COVID-19 Outbreak. The RBI has announced various relaxations. It has been decided to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 75 basis points from 5.15 percent to4.40 percentwith immediate effect. Further, consequent upon the widening of the LAF

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