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RBI Governor LIVE : RBI cuts Repo Rate by 40 bps to 4% India raises FDI in Defence Manufacturing from 49% to 74% Govt announces reforms in Coal and Mining sector : 500 mining… Govt  to create Rs. 1 lakh Crore Agri-Infrastructure fund for… Govt package fails to lift market sentiment, Sensex slips below…

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22nd May, 2020 10:23 IST

Mumbai : The Reserve Bank Governor Shaktikanta Das on Friday said that the Coronavirus has crippled the World Economy.

Considering the current economic scenario, the RBI has announced a reduction of Repo rate by 40 basis point to 4% from 4.4%. The Reverse Repo rate has also be reduced by 40 basis point to 3.35 per cent.

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