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COVID-19 outbreak: Repo rate cut by 75 basis points to 4.4%, says RBI Governor

COVID-19 outbreak: Repo rate cut by 75 basis points to 4.4%, says RBI Governor

Last Updated: Mar 27 2020 | 12:06 PM IST
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Mumbai, Mar 27 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das said that Repo rate has been reduced by 75 basis points to 4.4%. Reverse repo-rate reduced by 90 basis points to 4%. "Repo rate has been reduced by 75 basis points to 4.4%. Reverse repo-rate reduced by 90 basis points to 4%," said Das while addressing press conference.

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