..........Sujan Hajra, Chief Economist, Anand Rathi Securities is not convinced that a mere rate cut will make any difference in the tight liquidity situation. He stresses that for transmission of loose monetary policy, the system needs liquidity surplus. "So, CRR cut, OMO or perhaps a combination of both may give the push. I personally expect about Rs 2 lakh crore of OMO and Rs 1 lakh crore of CRR cut, that’s 1.5% and RBI infusing Rs 3 lakh crore of liquidity in the system.”
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