RBI Governor Shaktikanta Das announces cut in reverse repo rate, Rs 50,000 cr boost for mid, small firms

Aaj Tak 2020-07-02

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The Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. The central bank reduced the reverse repo rate - the rate at which banks park their fund with the central bank - by 25 basis points to 3.75 per cent.

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