27 March 2020 – Cut benchmark repo rate by 75 basis points

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Reserve Bank of India reduced its benchmark repo rate by 75 basis points from 5.15 percent to 4.40 percent on 27 March 2020.
Full details here: https://www.reuters.com/article/us-health-coronavirus-economy-factbox/factbox-global-economic-policy-response-to-coronavirus-crisis-idUSKCN21W2AJ