RBI cuts CRR by 50 bps
Moneylife Digital Team 16 February 2012

The RBI in its quarterly review of monetary policy in mid-January, cut the cash reserve ratio (CRR)—the amount of deposits banks keep with the central bank—by 50 basis points (bps) to 5.50% from 6%. The central bank kept other rates like repo and reverse repo rates unchanged due to high core inflation in December.

The cut in CRR will ease liquidity problems faced by banks and is expected to...

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