Tuesday, January 24, 2012

Growth, euro zone fears weigh on RBI

.............The report did not offer any clear indication on what action RBI would take on Tuesday, but its emphasis on keeping the liquidity deficit “within acceptable limits” as a “policy priority” has led a section of analysts to believe that the central bank could go for a cut in banks’ cash reserve ratio (CRR). CRR refers to the proportion of deposits banks need to keep with the central bank. ............

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