Cash Reserve Ratio (CRR) will be increased by 75 bps to 5.75 Percent , the hike would happen in two stages, the first stage of hike of 50 bps will be effective from February 13 and the next 25 bps from February 27. RBI has not touched the the reverse repo rate which is at 3.25percent and repo rate which is at 4.75 percent. CRR hike would suck out Rs 36,000 crore liquidity from the system.via Advertisements
Cash Reserve Ratio (CRR) Raised by RBI in RBI Monetary Policy
Cash Reserve Ratio (CRR) is likely to be increased to 5.75 % in RBI Monetary Policy. Today In the Reserve Bank of India (RBI0 Announced the policy for the financial year 2010-2011. In this Policy RBI projected the GDP growth for financial year 2009-10 at 7.5% from 6% last year. It also said that the inflation would be around 8.5% in March.
Cash Reserve Ratio (CRR) will be increased by 75 bps to 5.75 Percent , the hike would happen in two stages, the first stage of hike of 50 bps will be effective from February 13 and the next 25 bps from February 27. RBI has not touched the the reverse repo rate which is at 3.25percent and repo rate which is at 4.75 percent. CRR hike would suck out Rs 36,000 crore liquidity from the system.via Advertisements
Cash Reserve Ratio (CRR) will be increased by 75 bps to 5.75 Percent , the hike would happen in two stages, the first stage of hike of 50 bps will be effective from February 13 and the next 25 bps from February 27. RBI has not touched the the reverse repo rate which is at 3.25percent and repo rate which is at 4.75 percent. CRR hike would suck out Rs 36,000 crore liquidity from the system.via Advertisements
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