RBI announces measures to help maintaining liquidity & increasing in credit flow; reduces reverse repo rate to 3.75%

Amidst the steep fall in the rupee and the continuing volatility in other segments of the financial market, Reserve Bank of India today announced several regulatory measures. While addressing media, RBI Governor Shaktikanta Das announced to slash the reverse repo rate from 4 per cent to 3.75 per cent while keeping the repo rate unchanged. He also announced 50,000 crore rupees booster package for small and medium-sized industries to recover from the lockdown.   The RBI Governor declared that the ...