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RBI cuts repo rate by 40 basis points, extends loan moratorium till August

May 22, 2020 16:19 IST
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RBI slashed its key policy rate for a second time this year. It cut the repo rate by 40 basis points to 4%. The reverse repo rate was also reduced by 40 basis points to 3.35%. RBI also announced a further extension on moratorium on loans by another three months. Watch the full video for more details

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