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RBI Governor Shaktikanta Das LIVE: Interest rates cut by 75 bps

Nirmala Sitharaman Shaktikanta Das city New Delhi India covid-19 outbreak crisis
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NEW DELHI : A day after finance minister Nirmala Sitharaman released a ₹1.7 lakh crore package to combat the impact of the 21-day coronavirus lockdown, Reserve Bank of India (RBI) Governor Shaktikanta Das today cut interest rates by 75 basis points to 4.4%.

He also announced several measures to inject ₹3.74 lakh crore liquidity into the system. The RBI said it was maintaining its "accommodative" stance, and would maintain its position "as long as necessary" to revive growth, while ensuring inflation remained within target. Updates of RBI Governor Shaktikanta Das's address: -Macroeconomic fundamental stronger than those in aftermath of 2008 financial market crisis -RBI to undertake repo operation of up to ₹1 lakh crore to infuse liquidity

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