RBI cuts repo charge once more, all the way down to 4%
2020-05-22
The Reserve Bank of India (RBI) further reduced the key interest rate or the repo rate by 40 bps on Friday, after a yet another out-of-turn Monetary Policy Committee (MPC) meeting as the COVID-19 pandemic induced lockdown continues, albeit with calibrated relaxations. The central bank also extended the loan repaymentContinue Reading