....Trade volumes remained high even today topping Rs 32,000 crore. This was despite the Reserve Bank of India’s Deputy Governor Subir Gokarn virtually spiking all market speculation of a possible reduction in the key monetary tool, the cash reserve ratio. A reduction would have increased cash in the banking system. But Gokarn said the cash was comfortable in the banking system. The RBI’s stance, traders said stemmed from the low deficit in the banking system of less than one per cent of the aggregate deposits. A cash deficit of one percent is the RBI’s declared comfort zone......
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