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RBI Cuts CRR by 0.50%

Deepak Shenoy1 min read
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Commentary
Who wrote this article?
Deepak Shenoy, Capitalmind's research team.
When was this article published?
Published 6 October 2008.
How long does this article take to read?
1 min read

Effective Oct 11, CRR Is down 0.5%, as per Eco Times.

This won’t ease liquidity too much - that will only happen with a repo rate cut, and the RBI has to put more money in to be able to sell the bonds and bills they are selling this week.