RBI Governor to address media at 10 am

April 17, 2020 09:26

Reserve Bank Governor Shaktikanta Das will address the media at 10 am on Friday amidst the steep fall in the rupee and the continuing volatility in other segments of the financial markets.

The rupee fell 0.55 per cent to a new record low of 76.86 against the US dollar on Thursday, while the equity indices have been on a see-saw in the wake of the coronaviirus outbreak losing over 30 per cent since January.

"Watchout for the RBI Governor @DasShaktikanta address live at 10.00 am today (April 17, 2020)," RBI said in a tweet.

This will the second time that the governor will be addressing the media since the nationwide lockdown was imposed from March 25.

On March 27, RBI held a historic pre-term Monetary Policy Committee meeting whererin the repo rate was cut by a record 75 basis points. The repo rate was reduced to a 15-year-low of 4.40 per cent and was also the steepest cut since October 2004.

-- PTI

« Back to LIVE

TOP STORIES

Let's not talk about the throw, it was not up to it: Neeraj Chopra

Neeraj Chopra won again, but not in the manner he would have liked to, and he had no qualms in admitting it.

Southwest Monsoon to reach Kerala on May 31 amid El Nino concerns

"This year, the Southwest Monsoon is likely to set over Kerala on May 31 with a model error of four days," the India meteorological department said on Wednesday.

In Pictures - Clinical Punjab Kings hand Rajasthan Royals fourth loss on the trot

Despite a well-tuned 48 from local hero Riyan Parag, Rajasthan Royals struggled against an array of accurate bowlers on a rather slow pitch, meandering to a sub-par 144 for nine against Punjab Kings in their IPL match in Guwahati on...

T20 creates the perfect form of cricket: Usain Bolt

It comes as no surprise when the world's fastest man Usain Bolt says that the fastest form of cricket is his favourite one and feels more fans in the Caribbean and world over will choose the T20 format over Tests going forward.

1 dead, 14 rescued after lift collapses in Rajasthan mine

Fifteen personnel of the public sector company got trapped in a mine Tuesday night when a cage used to carry the personnel fell down after a rope broke, police said.