RBI opens it’s pandora for war against COVID-19

Name: RBI opens it’s pandora for war against COVID-19
Uploaded: 2020-03-27T12:49:24+00:00
Duration: 3 min 45 s
Channel: National Herald
Description: RBI has announced measures aimed at minimizing the damage from Covid-19. These measures came hours after Moody's cut India's growth to 2.5% from 5.3% for 2020. The repo rate will be reduced by 75 basis points to 4.4 percent. The reverse repo rate was cut by 90 bps to 4 percent, creating an asymmetrical corridor.<br />

National Herald

RBI has announced measures aimed at minimizing the damage from Covid-19. These measures came hours after Moody's cut India's growth to 2.5% from 5.3% for 2020.  The repo rate will be reduced by 75 basis points to 4.4 percent. The reverse repo rate was cut by 90 bps to 4 percent, creating an asymmetrical corridor.

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