Will consider any CRR cut 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 today.

india Updated: Feb 21, 2012 12:06 IST
Reuters

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 6.00% in late January to ease tight liquidity conditions. It left interest rates on hold because of high core inflation.

First Published: Feb 21, 2012 12:01 IST