COVID-19 SME Forum
GlobalLinker and Wadhwani Advantage have together partnered with industry experts and leaders to help your business be better prepared
237 week ago — 3 min read
With COVID-19 disrupting life-as-usual, the RBI Governor, Shaktikanta Das, in a welcome move, cut key policy rates and also announced some moratoriums. This move is sure to help the liquidity conditions in the economy.
With recession looming ahead in the wake of the COVID-19 pandemic, most central banks across the globe have announced rate cuts in a bid to stave of recession. The RBI has followed suit by cutting the repo rate and reserve repo rate by 75 basis points and 90 bps, respectively (100 basis points/bps = 1 per cent). The repo rate now stands at 4.4 per cent and reserve repo rate at 4 per.
Source: RBI Press Release | ET Online
Image source: shutterstock.com
To explore business opportunities, link with me by clicking on the 'Invite' button on my eBiz Card.
Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views, official policy or position of GlobalLinker.
COVID-19 SME Forum
GlobalLinker and Wadhwani Advantage have together partnered with industry experts and leaders to help your business be better prepared
Most read this week
Trending
Comments
Please login or Register to join the discussion