Current Affairs - Economy - Discussion

In view of the COVID-19 pandemic, the Reserve Bank of India's Monetary Policy Committee (MPC) decided to advance the Bi-monthly Monetary Policy meet which was scheduled to be held on 31st March 2020 and the announcement was meant to be made on 3rd April. The key decisions are: The repo rate under the liquidity adjustment facility (LAF) has been reduced by 75 basis points to 4.40%. The reverse repo rate under the LAF has been reduced by 90 basis to 4.00%. The marginal standing facility (MSF) rate and the Bank Rate have been reduced to 4.65%.