• Repo rate cut by 75 basis points to 4.4%. • Reverse Repo cut by 90 basis points to 4%. • CRR cut by 100 basis points to 3% for 1 year to infuse $ 2.2 bn. • Min daily CRR balance cut from 90% to 80% till 30 June. • Rs 3.74 lakh crore liquidity injected. • 3 month moratorium on payment of loans. • Interest off for 3 month on WC facilities. • Such deferment not to be taken as NPA. • Revised DP calculations by reassessing WC cycle. • No measures to effect credit history. • Total liquidity injection 3.4% of GDP. • GDP growth for Q4 19-20 and FY 20-21 to be affected.• Aggregate demand may weaken. • Future outlook uncertain and negative. ">