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PM, FM, Industry Welcome RBI ”BAZOOKA” Of Interest Rate Cut, Liquidity Measures

From Prime Minister Narendra Modi to rating agencies and economists, all welcomed the Reserve Bank of India”s steps to reduce the cost of borrowing and infusing liquidity in the market in its war against the impact of coronavirus pandemic. Following are the comments made by key leaders, businessmen and economists: [...]
March 28, 2020

What Do RBI Announcements Mean For Common Man, Indian Economy Amid Coronavirus Lockdown

The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in response to the Covid-19 outbreak. 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.The measures announced [...]
March 27, 2020

Coronavirus Outbreak: RBI Cuts Interest Rate By 75 BPS, EMIS On Hold

A day after the Union finance minister Nirmala Sitharaman announced a Rs 1.7 lakh crore package in a bid to combat the impact of the 21-day coronavirus lockdown, the Reserve Bank of India (RBI) Governor Shaktikanta Das today reduced the interest rates by 75 basis points to 4.4 percent. He [...]
March 27, 2020

PM, FM, Industry Welcome RBI ”BAZOOKA” Of Interest Rate Cut, Liquidity Measures

From Prime Minister Narendra Modi to rating agencies and economists, all welcomed the Reserve Bank of India”s steps to reduce the cost of borrowing and infusing liquidity in the market in its war against the impact of coronavirus pandemic. Following are the comments made by key leaders, businessmen and economists: [...]
March 27, 2020

COVID-19: Businesses Welcome RBI Rate Cut

The Reserve Bank of India has announced a slew of measures to alleviate the effect of the novel Coronavirus on the economy. It reduced interest rates by 75 basis points (bps) to 4.40% with immediate effect, and continued its accommodative stance.Thomas John Muthoot, chairman and managing director, Muthoot Pappachan Group. [...]
March 27, 2020
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