China unexpectedly cuts reverse repo rate by most in 5 yrs to support virus-hit economy
It was the third cut in the 7-day rate since November, and comes as the coronavirus infections in China - where the outbreak originated late last year - has slowed from a peak in February. The country has so far reported 3,304 deaths from 81,470 infections. Ma Jun, a central bank adviser told state media that China still has ample room for monetary policy adjustment.
RBI cuts repo rate by 0.75% to 4.40% amid Covid-19 outbreak
Reserve Bank of India slashed policy repo rate -- the rate at which RBI lends sho...
RBI cuts repo rate, unleashes $50 billion ‘bazooka’ in coronavirus fight
The RBI cut the Cash Reserve Ratio by 100 basis points to 3 per cent...
Repo Rate cut, EMI moratorium to help homebuyers, developers manage liquidity
Realty developers and Industry experts lauded key measures announced by the central bank to support the economy. However, they also stated that banks need to transmit the same soon to help boosting liquidity and potential reduction in installments. The move is also expected to help realty developers avoid default in payments and any subsequent downgrades.
Rates slashed, EMIs paused: RBI's stimulus measures enough to counter economic impact of coronavirus?
The Reserve Bank of India, which advanced a meeting of the rate setting panel by a week, Friday announced a 0.75 per cent cut in its policy ...
RBI cuts repo rate by 75 bps to 4.40% to mitigate Covid-19 impact
The rate cut was warranted by disruptive force of coronavirus, the central bank said.
Liquidity push trims CD interest rates
Axis Bank’s CDs traded as high as 7.75 per cent before RBI announced an unscheduled bi-monthly policy last Friday. These instruments are now trading in the range of 3.90-5.90 per cent across maturities running up to nine months.
What did RBI do to address coronavirus crisis?
This massive cut has brought down repo rate to 4.4%, which is the lowest ever.
Realtors say RBI decisions to boost liquidity; seek quick transmission
The RBI cut repo rate to 4.4% and reduced the cash reserve ratio maintained by the bank by 100 basis points. The reverse repo rate was cut by 90 bps to 4%. NAREDCO President Niranjan Hiranandani said the RBI's move to pump fresh liquidity in the system will certainly help to mitigate the stressed cash flow and debt pressure in the economic system.
PPF to fetch 7.1%, NSC 6.8% as govt slashes small savings schemes interest rates
Rates of these schemes have been slashed by between 70 bps and 140 bps for the Apr-June quarter.
Former FM P Chidambaram welcomes RBI’s decision to cut repo rate
Former Finance Minister P Chidambaram responds to RBI's measures tweets, "I welcome the RBI’s decision to cut the repo rate and measures to ...
RBI to infuse Rs 3.74 lakh cr liquidity into financial system
Reserve Bank Governor Shaktikanta Das on Friday said about Rs 3.74 lakh crore liquidity on aggregate basis will be infused into the financia...
PNB, IOB cut lending rates by 75 basis points
"We have decided to pass on the full benefit of the recent RBI's policy rate cut of 75 bps to our borrowers covered under external benchmark-linked product of repo-linked lending rate (RLLR)," PNB said in a statement.
SBI cuts lending rate by 75 bps
With this downward revision SBI’s external benchmark linked lending rate (EBR) stands at 7.05 percent while its repo linked lending rate (RLLR) now stands revised to 6.65 percent. EMIs on eligible home loan accounts (linked to EBR/RLLR) will get cheaper by over Rs 52 per one lakh on a 30 year loan, the bank said in a press release.
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