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RBI cuts repo rate by 40 bps to 4%; Extends loan moratorium for 3 more months

Updated : May 22, 2020 02:04 PM IST

RBI Governor Shaktikanta Das announced that the Monetary Policy Committee (MPC) of the RBI voted with 5:1 to reduce the policy repo rate by 40 bps.
The central bank also extended the moratorium on term loans and working capital loans by another 3 months.

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