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What do RBI announcements mean for common man, Indian economy amid coronavirus lockdown

What do RBI announcements mean for common man, Indian economy amid coronavirus lockdown

Fri, Mar 27, 2020

The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in response to the Covid-19 outbreak. The Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate by 75 basis points to 4.40 per cent from 5.15 per cent.

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