Friday, March 9, 2012

RBI cuts CRR by 75 bps


RBI cuts CRR by 75 bps, which will result in Rs 48K cr liquidity in to the system.As the liquidity in the system is drained every stakeholders were requesting for a CRR cut. The liquidity crunch is effecting the growth rate as the growth slows. Now the CRR standa at 4.75%. 

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