The Monetary Policy Committee (MPC) responded with alacrity as the Covid-19 crisis spread in India, cutting the policy repo rate by 115 bps in two tranches in March 2020 and May 2020. With this, the repo rate was brought down to 4.0 per cent, well below the floor of 4.75 per cent seen during the …
https://www.hellenicshippingnews.com/despite-inflation-data-a-repo-rate-cut-is-in-order/