How reverse repo rate became benchmark interest rate in the Indian economy?

Context The Indian economy‚Äôs slowdown during 2018 and 2019 is becoming much worse in 2020 with the spread of COVID-19 and the stalling of almost all economic activity. Like most other central banks in the world, the RBI, too, has tried to cut interest rates to boost the economy. However, unlike in the past, when … Continue reading How reverse repo rate became benchmark interest rate in the Indian economy?