UPDATE 2-India’s cenbank surprises with reverse repo rate cut in bid to spur bank lending
The Reserve Bank of India
unexpectedly cut its key deposit rate on Friday, for the second
time in three weeks, to discourage banks from parking idle funds
with it and spur lending instead, to revive a flagging economy
amid the coronavirus lockdown.
unexpectedly cut its key deposit rate on Friday, for the second
time in three weeks, to discourage banks from parking idle funds
with it and spur lending instead, to revive a flagging economy
amid the coronavirus lockdown.
Posted by Reuters
