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RBI logo is pictured outside its head office in Mumbai
Further CRR cut will ensure the much needed liquidity: HSBC
Ahead of the Reserve Bank of India's monetary policy next Tuesday, Naina Lal Kidwai, country head in India and director for Asia Pacific, HSBC, on Friday said liquidity crunch called for a further cut in cash reserve ratio (CRR) and token reduction in interest rate. The RBI has cut CRR by a total of 125 basis points since January amidst staggering gross domestic product (GDP) growth numbers. While