RBI unleashes more firepower; cuts reverse repo; initiates TLTRO 2.0 (2nd Ld)

To mitigate the impact of economic fallout on financial liquidity due to Covid-19 pandemic, the Reserve Bank of India on Friday announced a set of new measures including a reduction in reverse repo rate. Accordingly, the rate now stands at 3.75 per cent of Liquidity Adjustment Facility (LAF).