Understand the meaning of RBI's announcements from expert
- 4 years ago
The RBI made some big announcements on Friday to bail out the severe shock to the Indian economy due to the lockdown. The RBI has cut the reverse repo rate by 25 basis points. This will make it easier to lend to banks. RBI also announced financial assistance to small and medium financial institutions. What is the real meaning of these announcements, and how do they affect a common man, understand it with the expert. Watch video.