⚡RBI Likely to Cut Interest Rates by 100 Bps in Financial Year 2020-21

The Reserve Bank of India (RBI) cut benchmark repurchase (repo) rate by 75 basis points and its reverse repurchase rate by 90 basis points at an emergency meeting on March 27, bringing the rates to 4.40 per cent and 4.00 per cent, respectively, from 5.15 per cent and 4.90 per cent, previously.