Reduced repo rate, negative GDP growth: Key RBI announcements

RBI Governor Shaktikanta Das addressed media for the third time amid the lockdown and the Covid-19 pandemic. In his address, he made several announcements like reduction in repo rate, moratorium on loans and also predicted that the GDP growth of India in this financial year will be negative. He also announced a cash influx of Rs 15000 for Exim Bank and at the same time, told the press that India's Forex reserve has grown by $9.2 billion dollar