RBI Cuts Interest Rates, Extends Loan Moratorium By Three Months
RBI governor Shaktikanta Das on Friday extended the moratorium on term loans by three months. Das said that due to the increased lockdown, the moratorium is being extended from June 1 to 31 August. The repo rate cut by 40 basis points was also announced from 4.4 % to 4% and Reverse repo rate stands reduced to 3.35%
