To ease liquidity situation, the Reserve Bank on Friday slashed CRR, the portion of deposits banks are required to keep with the central bank, by 0.75 percentage points, a step that will infuse Rs 48,000 crore into the economy.
With the latest decision, the RBI would be injecting around Rs 80,000 crore into the economy in less than 40 days.
With the latest decision, the RBI would be injecting around Rs 80,000 crore into the economy in less than 40 days.
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