New Delhi, April 17, 2020: “At a time when the Coronavirus outbreak has literally thrown a spanner in the wheels of India’s economic growth, RBI’s announcement to cut reverse repo rate by 25 basis points has come as the much needed relief for all the stakeholders of the industry. Now with the availability of more funds for lending, it will be easier for the banks to pass on the benefits of recently announced repo rate reduction to the consumers. We expect the interest rates on all types of loans will come down immediately which will boost consumer demand and in turn prompt industries to ramp up their productions, obviously it will be a win-win situation for all.”
Corporate Comm India (CCI Newswire)
