The country needs to move towards a situation where Cash Reserve Ratio (CRR) level comes down and that it is used as an instrument of “credit control” only in extraordinary conditions, said C. Rangarajan, Chairman, Economic Advisory Council to the Prime Minister, on Thursday. As “Open market operations (OMOs) became increasingly major instrument….The role of CRR, as credit control, will come down,”......
Read - The Hindu 
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