RBI’s big announcements to revive the economy

Funds Instructor23 May, 2020News

On Friday 22nd May 2020, the RBI Governor Shaktikanta Das announced several monetary to revive the economy due to the pandemic of COVID-19. Cut in repo rate: RBI Governor Shaktikanta Das announces a cut in the repo rate by 40 basis points (bps) to 4% from the existing 4.4%, while the reverse repo rate was reduced simultaneously to 3.35% from existing 3.75%.