RBI unleashed a landmark policy, more in the nature of the great policies of Bimal Jalan or Y V Reddy than todays data driven, meeting to meeting, midget policies. The 50 basis points rate cut will unleash a massive monetary stimulus in the economy and foster growth and aggregate demand both. The CRR cut by 1% is a most unexpected fillip to banks, releasing huge liquidity and shoring up their margins and bottomlines. An A++ policy, timely, bold and far sighted. Ajay bagga