One basis point is 0.01 percentage point.Replying to a question by reporters during the post-monetary policy press conference, Malhotra said deposit rates should reflect "When inflation is so low and going forward also it's going to be low..., then even though the nominal interest rates may seem to be low...real interest rates today are quite high. So, that's true not only for borrowers but also for savers. And so, we do expect that going forward, especially after this RBI data showed that the cumulative 1 ...