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

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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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March 27, 2020 at 08:20PM

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