RBI cuts CRR by 25 bps, repo rate unchaged at 8 pc
Monday, September 17th, 2012
New Delhi: The Reserve Bank of India (RBI) cut the cash reserve ration (CRR) by 25 basis points, which will leave Rs 17,000 crore more with the banks. Announcing its credit policy on Monday, which came in the backdrop of some big bang reforms pushed by the UPA Government, the RBI brought down the CRR […]
