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RBI cuts reverse repo rate by 25 bps: Key points

RBI governor Shaktikanta Das addressed the media amid the ongoing coronavirus disaster. Under liquidity adjustment facility (LAF), opposite repo fee (fee at which RBI borrows funds from banks) diminished by way of 25 foundation issues to 3.75%; repo fee unchanged (4.40%) as the verdict is taken by way of the Monetary Policy Committee, Das announced.

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