Mumbai/March,27: Reserve Bank of India (RBI) Governor Shaktikanta Das slashed the key lending rate by 75 basis points (0.75 percentage point) in an emergency move on Friday, to counter the economic fallout from the rapid spread of the deadly coronavirus pandemic. The move came as the country entered the third day of nationwide lockdown to curb the spread of the virus, following an unscheduled meeting of its Monetary Policy Committee, which was originally scheduled to conduct a bi-monthly review early next month. Four out of the six members of the Monetary Policy Committee voted in favour of the move. “The economic outlook globally is uncertain and obviously negative… Financial stability is the topmost priority of the RBI in this crisis,” said Shaktikanta Das.
Search Operation for 9-Year-Old Boy Enters 5th Day in Bandipora
Bandipora, Sep 14: The search operation to trace and retrieve the body of a nine-year-old boy, who reportedly drowned in Madhumati...
Read moreDetails
