RBI cuts key lending rates to 4.40%; maintains accommodative stance
By IANS | Updated: March 27, 2020 10:55 IST2020-03-27T10:38:09+5:302020-03-27T10:55:07+5:30
The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in response to the COVID-19 outbreak.
RBI cuts key lending rates to 4.40%; maintains accommodative stance
Mumbai, March 27 The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in response to the COVID-19 outbreak.
Accordingly, the Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate by 75 basis points to 4.40 per cent from 5.15 per cent.
( With inputs from IANS )
Open in app