From rate cuts to liquidity measures, RBI goes all guns blazing

Money Control | Mar 27, 2020 at 6:59 AM
  • The Reserve Bank of India (RBI) announced a huge 75 basis points rate cut on March 27, bringing it to 4.40 percent from 5.15 percent.
  • This measure will be applicable up to June 30, 2020 and it should provide comfort to the banking system by allowing it to avail an additional Rs 1.37 lakh crore of liquidity under the LAF window.