APN News

  • Tuesday, July, 2021| Today's Market | Current Time: 08:25:04
  • Quote by Mr. Farshid Cooper, MD, Spenta Corporation – Announcement by RBI on reduced Repo Rate

    Published on May 22, 2020

    In addition to the economic stimulus package announced last week, the announcement of a revision in Repo rates and the extension of the moratorium on term loans provides much needed relief to the economy.  The revised repo rate and the extension of moratorium would provide relief to borrowers, especially non-essentials business owners and self-employed as it would be difficult for them to manage their financial needs during this challenging time. This move is likely to further ease the pressure on individuals with serious financial commitments