Speaking exclusively to source, Vice Chairman, NITI Aayog, Rajiv Kumar welcomed RBI’s announcement of reduction of 40 basis points in repo rate.

He said, the series of reductions in lending rates by RBI since the beginning of nationwide lockdown will boost liquidity flow in the market.
 
Mr. Kumar also said that the three month extension to the moratorium on loans would help ease the borrowers to reinvigorate the economic activities.