...............“A cut in the CRR will signal the end of tight monetary policy, but the time for that is not appropriate as inflation, and particularly the non-food manufacturing inflation, a proxy of core inflation, continues to be high, way beyond the RBI’s comfort level. Besides, any infusion of liquidity at this juncture may tempt banks to punt on the rupee, which recently touched its lifetime low of 52.73 to a dollar,”......
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