The Economic Times of India
Mumbai: The Reserve Bank of India’s monetary policy committee delivered a cut in the cash reserve ratio (CRR) by 50 basis points to 4%, as the central bank expects liquidity to be tight in the coming months. Market participants are viewing this CRR cut as a signal that the monetary policy process toward a rate cut has started.This cut…
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CRR cut to free up Rs 1.16 lakh crore
Lawanda Fleishman
00:26
Mumbai: The Reserve Bank of India’s monetary policy committee delivered a cut in the cash reserve ratio (CRR) by 50 basis points to 4%, as the central bank expects liquidity to be tight in the coming months. Market participants are viewing this CRR cut as a signal that the monetary policy process toward a rate
