RBI reduced the short-term lending rate by 0.25 pc & decided to release Rs 18,000 crore of primary liquidity, move that would lead to moderation in home, auto & corporate loans. Shedding its long hawkish monetary policy stance, RBI cut short-term lending rate called repo by 0.25 pc to 7.75 pc & Cash Reserve Ratio (CRR) by similar margin to 4 pc