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RBI: opening up retail to help growth, curb inflation
RBI may slash CRR by 25 bps soon
With the last date for payment of advance tax drawing closer, pressure is mounting on the Reserve Bank to cut Cash Reserve Ratio (CRR) by at least 0.25 percentage points to improve liquidity in the system.Bankers and analysts believe the RBI intervention may come anytime during the week as the payment of advance tax by companies will be due on December 15. This will result in substantial amount of