RBI cuts repo rate by 40 bps to 4%, extends loan moratorium till August 31
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In a bid to address the economic concerns due to COVID-19, the Reserve Bank of India (RBI) Governor Shaktikanta Das today cut the repo rate by 40 bps to 4% and also extended the moratorium on term loans till August 31. The Monetary Policy Committee (MPC) voted in the ratio of 5:1 in favour of … Continue reading The post RBI cuts repo rate by 40 bps to 4%, extends loan moratorium till August 31 appeared first on The Bloggers Diary - The Diary of a Blogger.
