RBI cuts reverse repo rate by 25 basis points

Friday, 17 April 2020Newsdesk
RBI cuts reverse repo rate by 25 basis points
The Reserve Bank of India has announced several steps in a move to ease financial stress and to maintain adequate liquidity in the system. This include targeted long term repo operations and providing special refinance to financial institutions like NABARD, SIDBI and National Housing Bank.

New Delhi, 17 April 2020

As per news report of The Hindu, RBI Governor Shaktikanta Das said, “It has been decided to conduct targeted long-term repo operations (TLTRO 2.0) for an aggregate amount of 50,000 crore, to begin with, in tranches of appropriate sizes.”

Source -The Hindu

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