RBI press conference LIVE: Shaktikanta Das announces cut in key repo rate, now at 4%

Reserve Bank of India (RBI) governor Shaktikanta Das will be addressing a press conference at 10 am on Friday to announce fresh measures to tackle the coronavirus crisis. This will be the third such address by the RBI governor and comes just a week after the finance minister announced five tranches of the Rs 20 lakh crore economic relief package.
In the earlier press conference, Das announced a slew of monetary policy relief measures including a 75 bps repo rate cut and liquidity measures worth several lakh crores. RBI had also announced a 3-month moratorium on term loan payments

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