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RBI: India FY20 GDP growth projection of 4.4% is at risk, FY21 outlook unclear

Updated : March 27, 2020 01:07 PM IST

Reserve Bank of India Governor Shaktikanta Das on Friday said that India's FY20 GDP growth projection of 4.4 percent is at risk and the outlook for FY21 is unclear amid the spread of the coronavirus pandemic.
RBI cut the repo rate by 75 basis points to 4.40 percent while the reverse repo rate was reduced 90 basis points to 4 percent.
Shaktikanta Das' address to the media came a day after Finance Minister Nirmala Sitharaman announced Rs 1.7 lakh crore package of free foodgrains and cash doles to the poor.
RBI: India FY20 GDP growth projection of 4.4% is at risk, FY21 outlook unclear

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