A man checks his phone outside the headquarters of the Reserve Bank of India (RBI) in Mumbai. (REUTERS / Francis Mascarenhas / Archives) The monetary policy committee (MPC) kept the repurchase rate, its key interest rate, at 4%, while the reverse repurchase rate or the key interest rate remained at …
Read More »On the moratorium on loans and interest payments, Center October 1 deadline
In March, the RBI had granted a 3-month moratorium on coronavirus loans (Representational) New Delhi: The Center should receive a call by Oct. 1 about how much time it will give borrowers who have been unable to repay loans due to the coronavirus pandemic. It also has to decide whether …
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