RBI reduces repo rate by 40 basis points


The Reserve Bank of India vide its notification dated 22nd May 2020 has cut its repo rate under the liquidity adjustment facility by 40 bps from 4.65 per cent to 4.25 per cent with immediate effect.

Further the penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate has also been revised.

Click here to read the Notification.

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