Money with Monika: RBI reduced reverse repo rate, what does it mean?

The Reserve Bank of India on April 17 announced a reduction in the reverse repo rate by 25 basis points. What does it mean and why is it important now? In this episode of the special series of Money with Monika, personal finance expert Monika Halan talks about RBI giving Rs 50,000 crore through TLTRO.20 to banks to lend to NBFCs and MFIs. Watch the full episode for Monika Halan's advice.

Monika Halan is consulting editor, Mint, and author of the book 'Let's Talk Money'.

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