Das: RBI to Reduce Benchmark Repo Rate by 75 Basis Points

The transcript discusses the Reserve Bank of India's monetary policy decisions, including a reduction in the repo rate and adjustments to the reverse repo rate to encourage lending. It highlights the economic impact of COVID-19, emphasizing the need for financial stability and growth revival. The RBI's proactive measures to ensure market functioning and liquidity are outlined, along with the global and Indian economic outlook amid the pandemic. The importance of government measures to contain the virus's spread is also stressed.

What was the decision made by the MPC regarding the policy repo rate?

What is the significance of the reverse repo rate in the context of the measures taken?

What measures were taken to mitigate the impact of COVID-19 on the economy?

How did the Reserve Bank of India plan to ensure financial stability during the pandemic?

What challenges did the global economy face due to COVID-19?

What was the expected GDP growth for India in Q4 of 1920?

What factors did the government aim to contain in response to the pandemic?