Posts Tagged ‘statutory liquidity ratio’
Reserve Bank of India raised Cash Reserve Ratio and fixing Reverse repo rates.
The Reserve Bank of India (RBI) on Friday raised the cash reserve ratio (CRR) for banks by a higher than predicted 75 basis points but, as usual, left key interest rates unaffected. Whereas quantitative tools would consist of imposing cash reserve requirements for banks, fixing the repo rate or reverse repo rates, the bank rate, and set down [...]
