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RBI Governor Shaktikanta Das briefs media; repo rate slashed from 4.4% to 4%
Posted
May 22, 2020
Views
71
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May 22, 2020
71
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28:47Now PlayingReserve Bank Of India Governor Shaktikanta Das briefed media today on May 22nd 2020 just days after Finance Minister Nirmala Sitharaman briefed the nation on the mega economic stimulus package. He said that the MPC has decided in the reduction of policy repo rate from 4.40% to 4%.
Also, a moratorium has been granted on term loan repayment till May 31 was extended further by another 3 months till August 31 2020. He says that the Reserve Bank of India continue to be vigilant and will continue to announce measures to address the challenges faced by the economy.
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