Categories
FINANCE ECOMMERCE

What is the reverse repo rate and how does the official reduction in it affect the common man?

The RBI Governor Shaktikanta Das on Friday announced several major decisions to give a boost to the Corona-affected economy. The reverse repo rate has been cut for the second time within a month, by increasing the cash in the system. Let us know which 5 big announcements have been made by RBI and how you […]

Categories
FINANCE

RBI cuts Reverse Repo Rate to 3.75 percent, final announces Rs 50,000 crore for TLTRO 2.0

The RBI on Friday cuts reverse repo rate to 3.75% and opened up increasingly capital for banks to loan, reported a new Rs 50,000 crore focused on long haul repo activity (LTRO 2.0) to address the liquidity worry of shadow banks and microfinance foundations and alluded to the chance of further rate cuts going ahead. […]