• 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.">