3: RBI reduced reverse repo rate, what does it mean?
Apr 23, 2020•9 min•Ep. 3
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Episode description
The Reserve Bank of India on April 17 announced a reduction in the reverse repo rate by 25 basis points. What does it mean and why is it important now? In this episode of Money with Monika, personal finance expert Monika Halan talks about RBI giving Rs 50,000 crore through TLTRO.20 to banks to lend to NBFCs and MFIs.
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