5 percent respectively while the
cash reserve ratio and the statutory liquidity ratio have been left untouched at 4 percent and 21.
5 per cent respectively while the
cash reserve ratio and the statutory liquidity ratio have been left untouched at 4 per cent and 21.
PTI NEW DELHI THE Reserve Bank of India in its quarterly review meet on Tuesday cut the
cash reserve ratio (CRR) by 50 bps to ease tight liquidity pressure in the banking system.
In its second move this month to drain liquidity from the banking system, the Reserve Bank of India is raising the
cash reserve ratio by 25 basis points to 8.
Inflation has almost doubled since November and the bank said yesterday it was raising its
cash reserve ratio by 25 basis points to 8.
They can also increase the
cash reserve ratio (CRR) of banks or sell bonds or other financial instruments to reduce money supply.
RBI, however, left untouched the
cash reserve ratio ( CRR) for banks at 4 per cent and Statutory Liquidity Ratio at 21.
The
Cash Reserve Ratio (CRR) is left unchanged at 4 percent.
The
cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, stands unchanged at four per cent.
The Reserve Bank of India (RBI) kept its policy repo rate and the
cash reserve ratio (CRR) unchanged as widely expected at 7.
The RBI also said on Tuesday that banks will need to maintain 99 percent of their daily
cash reserve ratio requirements -- the deposits they set aside with the RBI -- against a 70 percent level now.
However, what was not expected was the decision by the Reserve Bank of India to reduce the
cash reserve ratio (CRR) -- the share of deposits that banks must keep with the central bank -- by 0.
