RBI Governor’s Prime 5 Bulletins Right now Amid Covid 19 Coronavirus Pandemic

RBI Governor's Top 5 Announcements Today

RBI cuts the repo fee by 40 bps to Four per cent an reverse repo fee to three.35 per cent.

Reserve Financial institution of India (RBI) Governor Shaktikanta Das introduced a reduce within the repo fee to Four per cent from the present 4.Four per cent, in his first tackle to the media after the federal government unveiled a fiscal and financial stimulus value Rs 20.97 lakh crore to help an already-ailing financial system towards the coronavirus pandemic.

Listed below are RBI’s prime 5 Bulletins

RBI cuts the repo fee by 40 bps to Four per cent.

RBI cuts reverse repo fee by 40 foundation factors to three.35 per cent.

The three-month moratorium prolonged from June 1 to August 31

RBI allocates Rs 15,000 crore to EXIM banks to avail US greenback swap facility. This can have a rollover facility to as much as one 12 months.

RBI affords one other 90-days extension to SIDBI for the 90-day time period mortgage amenities

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