Falling rates to help; rise in group exposure limits will support large companies
He also asked if the prime minister or the finance minister will laud themselves for the fiscal stimulus after the RBI chief's statement
Here's a look at major coronavirus related developments across the world
Here's a look at major coronavirus related developments across the world
The central bank, which handles billions of transactions, is served by around 14,000 employees across its main office and 31 regional offices
The central bank has increased group exposure limits of lenders from 25% to 30%
The six-member MPC also kept policy stance unchanged at 'accommodative' for "as long as necessary" to revive growth
Following this, the reverse repo rate, or the rate at which the banks perk extra liquidity with the RBI, was reduced to 3.35 per cent from 3.75 per cent - both at their historic lows.
Exporters laud timely steps but want direct fiscal support, full package
Fund managers expect yields to remain elevated at the longer-end of the yield curve in light of government's borrowing plans
With GDP growth seen shrinking, funds likely to chase stocks with high growth forecast
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All that happened in the markets today
RBI took cognizance of the difficult situation amid the global coronavirus crisis and announced a number of measures for the export and import sector
The central bank cut the repo rate by 40 bps to 4% and the reverse repo rate was brought down to 3.35%
RBI extends the moratorium on loan repayments by three more months
A total of 25 companies including Alembic Pharmaceuticals, IDFC First Bank, and UPL, are scheduled to announce their March quarter earnings later in the day
Mutual Funds say they didn't need to use their liquidity line fully
Relaxation likely on branch audit as Guv meets bankers
The meetings were also attended by deputy governors and other senior officers of the central bank, RBI said in a statement on its website