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://timesofindia.indiatimes.com/business/india-business/rbi-cuts-rate-75-bps-steepest-in-over-10-years-you-can-defer-emis-by-3-months/articleshow/74855943.cms