CRR will be at 3-4% during the course of FY13 to adjust shortfall of rupees, says Moses Harding, Head - ALCO and Economic & Market Research, IndusInd Bank.
There is serious discussion in the market demanding immediate CRR cut from RBI on LAF drawdown hitting a peak of Rs.1.8 Trillion at start of the current fortnightly reporting cycle. Is this a serious problem to expect an immediate policy action ahead of midterm review on 15th March? It is definitely not. Let us get into details. Initially, it was RBIDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
