Indian CB Eases Repo Rates, Joins “Easing Club” as the Country Goes Into Lockdown

<p>The Central Bank of India reduced interest rates on Friday in order to combat the economic consequences of the rapidly spreading coronavirus which puts strains on the banking system of the country.</p> <p>The Central Bank said it maintains an “accommodative” policy and will maintain it “as long as it is necessary” to revive growth, while ensuring that inflation remains within the target.</p> <p>The Monetary Policy Committee of the Reserve Bank of India held a video conference this week to make a decision.</p> <p>The committee has lowered the repo rate by 75 basis points to 4.40%, as expected. Reverse repo rate has been reduced by 90 basis points to 4%. Earlier this week the Prime Minister ordered nationwide lockdown which is expected to significantly slow economic activity in the second most populated country in the world.</p> <p><strong>Disclaimer:</strong> The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.</p> <p><strong>High Risk Warning:</strong> CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 70% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.</p> <p>The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/indian-cb-eases-repo-rates-joins-easing-club-as-the-country-goes-into-lockdown/">Indian CB Eases Repo Rates, Joins “Easing Club” as the Country Goes Into Lockdown</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>