The Reserve Bank of India Governor YV Reddy on
Tuesday hiked the cash reserve ratio (CRR) by 25
bps to 8.25 per cent from 8 per cent while
announcing the monetary policy. RBI, however, left
the repo, reverse repo rate and bank rate
unchanged. The central bank is targeting an
inflation of 5.5 per cent by March 2009 and is
expecting a GDP growth of 8-8.5 per cent in the
same period. Tags :RBICRRYVReddymonetarypolicyinflationNDTVIndia
The Reserve Bank of India on Wednesday cut the
Cash Reserve Ratio (CRR) by 100 basis points. It
said that the CRR cut would release Rs 40000
crore. RBI also raised ceilings on FCNR and NRE
deposit rates by 50 bps each. This is the third
CRR cut in the past nine days. The total cut is
250 bps. Tags :RBICRRCashReserveRatioIndiaNDTVProfit
The Reserve Bank of India (RBI) has hiked the Cash
Reserve Ratio (CRR) by 50 basis points to 7.5 per
cent. The hike comes into effect from November 10. Tags :LiquidityCRRhikeReserveBankofIndiabusinessNDTVRBI
Worried by squeezing liquidity, RBI cuts CRR rate
by 150bps in a week.
This clip of Pehla Sauda answers many questions,
like...
Whats the reason for doing so?
How big is the trouble?
By this move, how much cash gets injected into the
market?
and hows it impacts everybody? Tags :RBICRRReserveBankofIndiaLiquidityPehlaSaudaJoyneelMukherjeeCashFinanceMarketTurmoil