RBI cuts repo rate to 4.4%
March 27, 2020  10:36
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RBI: Monetary policy committee voted 4:2 majority to cut repo rate by 75 basis points to 4.4%.
-- RBI is at work; calibrating action to meet any liquidity mode. 
-- We are living in an extraordinary situation; war-like effort needs to be mounted against coronavirus using conventional, unconventional tools. 
-- Outlook highly uncertain and negative in view of outbreak of Covid-19.
-- Financial markets are under stress; require steps by central bank for market stability and revival of economic growth.
-- Monetary policy committee refrains from giving out growth, inflation outlook for coming fiscal on uncertain outlook.
-- Global slowdown can deepen with adverse implication for India; crude oil slump upside for India
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