Monday, October 06, 2008

RBI Cuts CRR Rate

Well, to be honest, got this news midway while I was typing the previous blog so it would be unfair not to acknowledge that...


RBI has cut CRR by 50 basis points for better liquidity management.

Source: http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=19211

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