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RBI's 7th Bi-monthly Policy FY19-2020

Unlocking all possible measures in a lockdown!
27 March 2020
    Download the full reportPDF, 739.36KB

    Key Highlights

    • 75 bps of repo rate cut
    • Accommodative stance retained
    • INR 3.74 lakh crores of liquidity
    • 3 months of moratorium

    RBI MPC: actions taken in the 7th bi-monthly policy

    • Monetary Policy Committee (MPC) advanced its meeting and declared a 75 bps of rate cut while reverse repo rate lowered by 90 bps; 4 members out of 6 have voted in support of this decision
    • Measures announced under all four categories wherein support was required viz. Liquidity, Monetary transmission, Moratorium for loan repayments and Improvement in functioning of financial markets