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Tuesday, January 24, 2012 - 05:30 IST
RBI Cuts CRR To Address Structural Deficit
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RBI goes back on its word & cuts CRR by 50 bps to 5.5% with an intention of infusing INR 320b of primary liquidity.
The RBI cuts the Cash Reserve Ratio by 50 bps to 5.50% in order to infuse permanent liquidity in the system. While RBI’s priority gradually seems to be shifting towards growth, we do not think that today’s CRR...
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