Sunday , January 24 2021


RBI cuts the repo rate by 75 bps

In an emergency meeting, RBI’s monetary policy committee (MPC) on Friday cut the repo rate, the rate at which banks borrow from RBI, by 75 basis points (bps) to 4.40%. With this rate cut, RBI has reduced policy rates by 210bps since February 2019. The central bank announced in the morning …

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