27th March 2020
The Reserve Bank of India (RBI) on March 27, 2020, used the majority of orthodox methods to fight COVID-19-led economic issues. The Reserve Bank has significantly reduced interest rates across the board, taking cues from other central banks of the world, as part of emergency measures to safeguard the economy from the coronavirus. Take a Look at Measures - Sizeable Cut in Repo Rate: The Reserve Bank of India announced a massive 75 basis points rate cut in Repo Rate, bringing it to 4.40%
