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RBI may not hike CRR as liquidity adequate: Kotak
The Reserve Bank of India (RBI) is unlikely to increase cash reserve ratio for banks at its policy review on Friday as the current surplus in the system is just adequate to meet likely fluctuations, a senior treasury official said. Will the CRR be hiked? A Reuters poll showed that 24 of 25 economists expect a 50 basis-point increase in the cash reserve ratio (CRR), or the proportion of deposits
The Reserve Bank of India (RBI) is unlikely to increase cash reserve ratio for banks at its policy review on Friday as the current surplus in the system is just adequate to meet likely fluctuations, a senior treasury official said. Will the CRR be hiked? A Reuters poll showed that 24 of 25 economists expect a 50 basis-point increase in the cash reserve ratio (CRR), or the proportion of deposits
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