RBI announcements will improve credit supply, tweets PM Modi

Today’s announcements by Reserve Bank of India will greatly enhance liquidity and improve credit supply. These steps would help our small businesses, MSMEs, farmers and the poor. It will also help all states by increasing WMA limits. RBI Governor Shaktikanta Das while holding a press conference said that it has been decided to reduce the fixed reverse repo rate under liquidity adjustment facility (LAF) by 25 basis points from 4% to 3.75%, with immediate effect.