Assertion: month moratorium | /r/HasProperty | march
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text: On March 27, the RBI announced a three-month moratorium (March 1 to May 31) on loan and card repayments and slashed its main policy rate — Repo rate by 75 basis points and cash reserve ratio (CRR) of banks by 100 basis points to stabilize the financial markets and reduce the pain on borrowers hit by Covid-19 pandemic.