RBI governor Shaktikanta Das addresses media; cuts repo rate by 40 bps to 4%
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RBI Governor Shaktikanta Das addressed the media days after Finance Minister Nirmala Sitharaman unveiled details of the mega economic stimulus package of Rs 20 Lakh Crore. Highlights of the Press Conference - RBI cuts repo rate by 40 bps to 4% - The RBI has also decided to extend the moratorium granted on all term loans by another three months till August 31 - Interest accrued in moratorium to become funded term loan - MPC sees growth reviving in Oct-March with downside risks - Indian economic activity severely impacted by the lockdown - MPC maintaining Accommodative stance till growth revives Watch the full Press Conference! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels:- Times Now: http://goo.gl/U9ibPb The NewsHour Debate: http://goo.gl/LfNgFF To Stay Updated Download the Times Now App:- Android Google Play: https://goo.gl/zJhWjC Apple App Store: https://goo.gl/d7QBQZ Social Media Links:- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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