....The surprise 75 basis points (bps) cut in the cash reserve ratio (CRR) by the Reserve Bank of India (RBI) on Friday is more than a liquidity-easing move. The Street was expecting a 50 bps cut in the monetary policy review on March 15 and the fact that the RBI cut more can be taken as the central bank indicating a complete shift in its monetary stance. Tight liquidity conditions have provided an opportunity for it to indicate the shift from controlling inflation to spurring growth......
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