CRR cuts News
Liquidity pressure persists despite CRR cut more OMOs on Friday
Liquidity continues to remain beyond the comfort level of the Reserve Bank of India (RBI), even as the Cash Reserve Ratio for banks has been reduced to 5.5 per cent from this week.
A liquidity deficit in the band of one per cent of net demand and time liabilities is preferred, RBI had said in its third-quarter policy review last week. The central bank’s comfort zone works out to around Rs 60,000
CRR cuts Galleries
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