Indian rupee rallies 81 paise to 74.35 against USD after RBI announced measures to support economy – Moneycontrol.com

The Reserve Bank of India (RBI) on Friday cut benchmark interest rate by 75 basis points to 4.4 percent. The central bank also reduced the cash reserve ratio (CRR) of all banks by 100 basis points to 3 percent with effect from March 28 for 1 year. Read More