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RBI cuts CRR by 50 bps, leaves policy rates unchanged

The Reserve Bank of India (RBI) has slashed the cash reserve ratio (CRR) by 50 basis points (bps) to 5.5% effective from January 28, 2012. The cut is expected to infuse Rs 32,000 crore into the system easing the tight liquidity situation. However, it has left its key policy rates unchanged in its third quarter monetary policy.

first published: Jan 24, 2012 11:00 am

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