Explanation:

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided to keep the interest rates unchanged in the wake of a rise in inflation.This is the second straight policy review meeting where the rates have been kept unchanged. The RBI reduced the rates by 135 bps between February and October 2019 before pressing the pause button in the December policy review. The central bank took two measures that could ease lending rates further. One, it opened a window to extend ?1 lakh crore to the commercial banks at the repo rate, which is 5.15%. In order to ensure availability of adequate liquidity in the banking system, the RBI Governor announced that it will soon start conducting long-term repos of one-year and three-year tenors of appropriate sizes for up to a total amount of 1,00,000 crore rupees. Second, banks have been exempted from maintaining the cash reserve ratio (CRR) — which is 4% of the net demand and time liabilities now — for home, auto and MSME loans that are extended from January 31 to July 31. Hence both statements are correct.