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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.
Updated on: Feb 21, 2012, 12:06:09 IST
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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.
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