3-month moratorium on EMI, repo rate cut: Understand latest decisions of RBI | Master Stroke

Coronavirus will surely impact the economy of India in the worst manner. In order to deal with it in advance, RBI took a few decisions. Today, Reserve Bank of India (RBI) cut benchmark interest rate by 75 basis points to 4.4 per cent. The central bank also reduced the cash reserve ratio (CRR) of all banks by 100 basis points to 3 per cent with effect from March 28 for 1 year. 
Here is a report to help you understand all the latest decisions of RBI