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Mumbai: Reserve Bank of India (RBI) Governor, Shaktikanta Das announced that Reverse Repo rate cut by 25 basis points to 3.75%. “It has been decided to reduce the fixed reverse repo rate under liquidity adjustment facility (LAF) by 25 basis points from 4% to 3.75%, with immediate effect: RBI Governor Shaktikanta Das,” said Das amid COVID-19 lockdown effect.