#CoronavirusIndia #COVID19 #CoronavirusLockdown #RBI #RepoRate
Coronavirus India lockdown: In a booster shot for the economy, the RBI has cut repo rate by 75 basis points, reverse repo rate by 90 basis points and CRR by 100 basis points. A three month moratorium for loan EMIs has also been proposed - a big relief for the common man. Shobhana Subramanian of Financial Express decodes what RBI's big package announcements means.
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