RBI cuts repo rate by 40 bps; extends loan moratorium till August

RBI cuts repo rate by 40 bps; extends loan moratorium till August

The Reserve Bank of India has cut the repo rate by 40 basis points from 4.4% to 4%.  The reverse repo rate has been kept at 3.35% to maintain accommodative stance. Five out of six members of monetary policy committee (MPC) supported the 40 bps rate cut, sai…
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