Reliefs by RBI under COVID 19 situation

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In view of COVID-19, RBI has come up with some reliefs by reducing repo rates and CRR as follows: 
🎯RBI cuts Repo Rate by 75 basis points to 4.4% |

➡️Reverse Repo Rate by 90 basis points to 4% |

🎯CRR of all banks to be reduced by 100 basis points to 3%

🤜These measures will inject liquidity of Rs 3.74 lakh crore to the system.

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