RBI leaves rates unchanged, but cuts the cash reserve ratioas government acts on reforms
Published on Monday, September 17, 2012 | Updated on Friday, June 17, 2016
RBI leaves rates unchanged, but cuts the cash reserve ratioas government acts on reforms
As expected, the Reserve Bank of India (RBI) today left its key repo rate unchanged at 8.0% in light of persistent inflation, but reduced the cash reserve ratio (CRR) by 25 bps to 4.5% to help ease liquidity and lower funding costsfor banks.
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