Question

Repo rate of SBI is decreasing day by day because of corona virus. Name the dimension of business environment?​

Answer 1

A day after Modi govt began its economy rescue in right earnest with a Rs 1.70 lakh crore coronavirus counter, the Reserve Bank of India joined the big fight today with a host of measures aimed at minimising the damage from Covid-19.

These measures come just hours after Moody's Investors Service cut India's growth forecasts for 2020 calendar year to 2.5% from 5.3%.

The MPC decided by 4-2 majority to reduce repo rate by 75 basis points to 4.4 per cent.

The reverse repo rate was cut by 90 bps to 4 per cent, creating an asymmetrical corridor.

The great EMI relief

A moratorium of three months of EMIs on all outstanding loans was announced.