Tuesday, January 24, 2012

CRR CUT BY 50 BPS 24th January,2012

CRR Cut by 50 Bps, Immediate 36,000 Crore Liquidity in the system.

The Reserve Bank of India (RBI) has left its key policy rates unchanged in its third quarter monetary policy (October-December). The central bank has cut cash reserve ratio (CRR) by 50 basis points (bps).
RBI has hiked the policy rates 13 times since March 2010. The market was expecting no rate hike.