RBI Projects Economic Contraction In 2020-21, Markets Decline
The RBI cut the repo rate - the key interest rate at which it lends short-term funds to banks - by 40 basis points to 4 per cent in a surprise move on May 22. RBI Governor Shaktikanta Das said the central bank expects the country's GDP to contract in the current financial year, denting market sentiment.
![Gadgets 360 With Technical Guruji: News of the Week [February 22, 2024]](https://c.ndtvimg.com/2025-02/m0jc5nds_news-of-the-week_160x120_22_February_25.jpg?downsize=355∶533 "Gadgets 360 With Technical Guruji: News of the Week [February 22, 2024]")
