RBI Governor Press meet Highlights - 27.03.2020
KEEP REFRESH FOR NEXT UPDATE
RBI Governor Press meet Highlights
1. Repo rate reduced by 75 basis points to 4.4%
2. Rev repo reduced by 90 basis points to 4%
3. GDP growth for Q4 19-20 and FY 20-21 to be affected
4. Aggregate demand may weaken
5. Future outlook uncertain and negative
6. CRR reduced by 100 basis points to 3% for 1 year to release 1.37 lakh crores
7. Min daily CRR balance reduced from 90% - 80% till 30/06/2020
8. 3.74 lakh crore liquidity injected
9. 3 month moratorium on payment of instalments of Term Loan outstanding
10. Interest on Working Capital facilities to be deferred by 3 months
11. Such deferment not to be classified as NPA
12. Revised DP calculations by reassessing WC cycle
13. All measures not to effect credit history
14. Total liquidity injection 3.4% of GDP
Whatsapp Number : 91-9094047040 / 91-9841986753
Book Trial for 2 days - Whatsapp 9841986753
Currency USDINR Tips
Currency USDINR Tips
Commodity CRUDEOIL Tips
Index Nifty and Stock Options Tips
Register for 2 days Trial - Whatsapp - 9841986753