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RBI cuts repo rate by 50 bps to give boost to growth
“To further provide durable liquidity, it has been decided to reduce the cash reserve ratio (CRR) by 100 basis points (bps) to 3.0% of net demand and time liabilities (NDTL) in a staggered manner during the course of the year,” the RBI Governor said
“To further provide durable liquidity, it has been decided to reduce the cash reserve ratio (CRR) by 100 basis points (bps) to 3.0% of net demand and time liabilities (NDTL) in a staggered manner during the course of the year,” the RBI Governor said
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