Will consider any CRR cut only at policy meet: RBI deputy
Published on Tue, Feb 21, 2012 at 11:50 | Source : Reuters
Updated at Tue, Feb 21, 2012 at 14:28
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Will consider any CRR cut only at policy meet: RBI deputy
The Reserve Bank of India will consider lowering the cash reserve ratio going ahead, but only at scheduled policy review meetings, a deputy governor said on Tuesday.
The Reserve Bank of India will consider lowering the cash reserve ratio going ahead, but only at scheduled policy review meetings, a deputy governor said on Tuesday.
The RBI cut the CRR to 5.50% from 6% in late January to ease tight liquidity conditions. It left interest rates on hold because of high core inflation.
