23 May, 2020
8 Min Read
Time after time: On RBI repo rate cut
The RBI has once again reduced the repo rate that will reduce the cost of capital and ease the financial burden on businesses due to the extended lockdown.
With Friday’s repo rate cut of 40 basis points, the RBI has shaved off 1.15 percentage points from the rate chart in the 58 days since the lockdown began, bringing the repo rate down to 4% and the reverse repo rate to 3.35%.
Will it increase the liquidity in the market?
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