RBI cuts repo rate by 40 bps; extends moratorium till Aug

  1. home
  2. > national
  3. > RBI cuts repo rate by 40 bps; extends moratorium till Aug
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

RBI cuts repo rate by 40 bps; extends moratorium till Aug

May 22, 2020 17:47 IST

The RBI on Friday cut the repo rate by 40 basis points to 4% and maintained accommodative stance. The Central Bank had earlier cut the repo rate by 75 basis points. It has also slashed the reverse repo rate to 3.35%. In view of the extension of lockdown, the provisions for moratorium on term loan repayments are also being extended by another three months. The total moratorium would be of six months now, till August 31, 2020.

National