Friday, March 27, 2020

RBI cuts rate by 75 bps, steepest in over 10 yrs

The Reserve Bank of India on Friday cut interest rates by 75 basis points (bps)—the sharpest in over a decade. It also made available Rs 3.74 lakh crore of additional liquidity to banks and allowed almost all borrowers to defer loan repayments by three months.

from Times of India https://ift.tt/39lDeKB
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