BUDGET 201

  • RBI cuts CRR, interest rates unchanged January 24, 2012

    New Delhi: The Reserve Bank of India (RBI) cut the cash reserve ratio (CRR) by 50 bps to 5.50 per cent which will be effective from January 28 and held repo rate steady at 8.5 per cent. The move will eases tight liquidity in the banking system and underscore a policy...