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RBI | Nimesh Hariya and Associates https://nimeshhariyaandassociates.com Your Strategic Virtual CFO | Expert Guidance on Finance, Tax, and Digital Solutions Fri, 10 Apr 2020 08:29:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://nimeshhariyaandassociates.com/wp-content/uploads/2023/11/cropped-CA-India-Logo-scaled-1-32x32.jpg RBI | Nimesh Hariya and Associates https://nimeshhariyaandassociates.com 32 32 RBI Governor Press Highlights https://nimeshhariyaandassociates.com/blog/2020/03/27/rbi-governor-press-highlights/ https://nimeshhariyaandassociates.com/blog/2020/03/27/rbi-governor-press-highlights/#respond Fri, 27 Mar 2020 13:28:00 +0000 https://nimeshhariyaandassociates.com/?p=842
  • Repo rate reduced by 75 basis points to 4.4%
  • Rev repo reduced by 90 basis points to 4%
  • GDP growth for Q4 19-20 and FY 20-21 to be affected
  • Aggregate demand may weaken
  • Future outlook uncertain and negative
  • CRR reduced by 100 basis points to 3% for 1 year to release 1.37 lakh crores
  • Min daily CRR balance reduced from 90% – 80% till 30/06/2020
  • 3.74 lakh crore liquidity injected
  • 3 month moratorium on payment of instalments of Term Loan outstanding as on 01.03.2020
  • Interest on WC facilities to be deferred by 3 months
  • Such deferment not to be considered for NPA
  • Revised DP calculations by reassessing WC cycle
  • All measures not to effect credit history
  • Total liquidity injection 3.4% of GDP
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