On the back of the rising concerns on food inflation, the Chinese government has hiked the Reserve Requirement Ratio (RRR) for banks by 50 bps as a part of its freshly updated monetary policy. CNBC-TV18's Sonia Shenoy talks to Kirby Daley from Newedge Group to get a clearer perspective on the consequence of the newly declared RRR hike.
first published: Feb 18, 2011 08:00 pm
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