RBI MPC highlights: Here is everything announced by Shaktikanta Das
In today's press conference, RBI governor Shaktikanta Das has made major announcement to boost borrowers in India, the Reserve Bank of India (RBI) in its Monetary Policy Meeting decided to cut down the Repo Rate by 40 bps to 4 per cent. The Central Bank of India reduced the Reverse Repo Rate to 3.35 per cent as well. This move is expected to give additional liquidity to the markets. Talking on the impact of coronvirus in the country and global market various announcements are been made.
Here are the top highlights of the RBI MPC meeting: