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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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