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RBI measures sufficient, not substantial; Guv doing balancing act: Experts

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Covid-19: RBI slashes reverse repo rate by 25 bps, no change in repo rate

Earlier, the RBI had reduced the repo rate to a 15-year low of 4.40 per cent by announcing a steep cut of 75 basis points on March 27, only two days after the national lockdown was imposed

Topics
Coronavirus | Reserve Bank of India | Shaktikanta Das

BS Web Team & Agencies 


Addressing the media for the second time since the Narendra Modi government imposed a national lockdown on March 25, RBI Governor Shaktikanta Das announced a reduction in reverse repo rate by 25 basis points from 4 per cent earlier to 3.75 per cent now. The reduction in reverse repo rate is one of a slew of announcements made by the RBI governor today.

This was his first address since the lockdown was extended till May 3 by the Prime Minister. "The mission is to minimise the epidemiological damage in the country due to coronavirus. I want to convey the RBI's resolve and ...

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First Published: Fri, April 17 2020. 10:32 IST

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