Fri, Apr 17, 2026 | Updated 04:11 IST
May 22, 2020
Mumbai (Maharashtra) [India], May 22 : The Reserve Bank of India (RBI) on Friday reduced the repo rate by 40 basis points to 4 per cent and extended the loan repayment moratorium for another three months up to August 31.
Mumbai (Maharashtra) [India], May 22 : The Reserve Bank of India (RBI) on Friday reduced repo rate by 40 basis points to 4 per cent in an effort to further boost liquidity in the economy which has been reeling under the impact of COVID-19 induced countrywide lockdown.
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