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RBI cuts CRR: Will March 15 credit policy be a non-event?

In a bid to pump liquidity into the banking system, the Reserve Bank of India has cut the cash reserve ratio (CRR) by 75 basis points to 4.75% effective March 10. The move is expected to inject Rs 48,000 crore into the system.

first published: Mar 9, 2012 06:25 pm

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