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Experts welcome RBI's stimulus measures amid coronavirus pandemic

Updated : March 30, 2020 04:54 PM IST

The steps will help in pushing lending rates down, encourage banks to infuse money into productive sectors, infuse liquidity and address the financial stress in the system, experts said.
The RBI cut repo rate by 75 basis points to 4.4 per cent. Also, it reduced the cash reserve ratio maintained by the banks by 100 basis points to release Rs 1.37 lakh crore across the banking system.
Experts welcome RBI's stimulus measures amid coronavirus pandemic

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