On Friday 22nd May 2020, the RBI Governor Shaktikanta Das announced several monetary to revive the economy due to the pandemic of COVID-19. Here are the key highlights of the announcements: Cut in repo rate: RBI Governor Shaktikanta Das announces a cut in the repo rate by 40 basis points (bps) to 4% from the existing 4.4%, while the reverse repo rate was reduced … [Read more...]