CRR
Reserve Bank of India has announced a cut in the cash reserve ratio (CRR) by a quarter of a percentage point (25 basis points) to 4.5% in its policy review meeting. With the announcement, home and auto loans will gradually become cheaper over the next few months. However, the RBI disappointed industry by leaving repo [...] Continue Reading »
The Reserve Bank of India was expected to cut the lending rate by at least 0.25 per cent while lending rate has been kept unchanged at 8 per cent. The RBI was also expected to cut CRR to introduce liquidity in financial system, but the CRR remained same at 4.74 per cent. RBI has raised [...] Continue Reading »
