RBI reduces repo rate by 40 basis points from 4.4 % to 4%

Updated:5 years, 5 months ago

Mumbai, May 22 (ANI): While addressing the nation on May 22, Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the repo rate cut by 40 basis points from 4.4% to 4%. Reverse repo rate stands reduced to 3.35%, he added.

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