Covid-19: What government, RBI are doing to help revive economy

The government and central bank are trying to cushion an economy that was slowing even before the coronavirus outbreak. Policy lending rate -- the repurchase rate -- was cut by 75 basis points (bps) in a single move this year. However, the effective deposit rate has been slashed by 115 bps to discourage lenders from playing safe and parking the cash with the RBI.

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