ADD ANI AS A TRUSTED SOURCE
googleads
Menu
General News

Repo rate reduced by 75 points to 4.4 per cent: RBI Governor Das

Mumbai (Maharashtra) [India], Mar 27 (ANI): Reserve Bank of India Governor Shaktikanta Das announced a reduction in the repo and reverse repo rate on Friday.

ANI Mar 27, 2020 10:26 IST googleads

RBI Governor Shaktikanta Das addressing the media on Friday

Mumbai (Maharashtra) [India], Mar 27 (ANI): Reserve Bank of India Governor Shaktikanta Das announced a reduction in the repo and reverse repo rate on Friday.
"The repo rate has been reduced by 75 basis points to 4.4 per cent. The reserve repo rate has been reduced by 90 basis points to 4 per cent," Das said addressing the media.
The decision for "a sizeable reduction" in the policy repo rate, according to the RBI Governor was taken to "revive growth and mitigate the impact of COVID-19 and ensure financial stability."
This decision comes a day after Union Finance Minister Nirmala Sitharaman announced a special Rs 1.7 crore relief package to help the poor and migrant workers amid a 21-day nationwide lockdown to mitigate the impact of coronavirus pandemic. (ANI)

Get the App

What to Read Next

Politics

Giriraj Singh slams Rahul Gandhi over conduct in Parliament

Giriraj Singh slams Rahul Gandhi over conduct in Parliament

Speaking to reporters here on Thursday, Singh said the opposition had sought permission to speak on the issue of LPG, but did not adhere to the subject.

Read More
Politics

YSRCP files PIL challenging Andhra Pradesh govt’s land policy

YSRCP files PIL challenging Andhra Pradesh govt’s land policy

Former Andhra Pradesh Minister Gudivada Amarnath on Thursday said that the YSR Congress Party (YSRCP) has filed a Public Interest Litigation (PIL) challenging the land policy of the state government, alleging that large extents of valuable public land are being allotted to a few real estate companies at very low prices.

Read More
Politics

Congress' Muraleedharan says LPG shortage "affecting families"

Congress' Muraleedharan says LPG shortage

"Most of the hotels are closed. Even in the few that are open, we are not getting proper food. This situation is affecting families as well. Therefore, we request the Central Government to intervene in this matter and take strong action to ensure the supply of LPG gas," Muraleedharan told reporters in Thiruvananthapuram.

Read More
General News

Woman found dead in hotel room in North Delhi

Woman found dead in hotel room in North Delhi

According to Delhi Police, around 12:30 am, staff of Prince Hotel located at SPM T-point on Church Mission Road informed the beat staff that Room No. 205 was locked and the guest inside was not responding despite repeated knocking.

Read More
Politics

"No shortage of petrol, diesel or LPG": Hardeep Singh Puri

In his statement in the Lok Sabha, Puri said the government has taken multiple measures to safeguard the country's energy security and ensure the uninterrupted availability of petroleum products, cooking gas, and natural gas.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.