....Asked to comment on the vocal slugfest between Chaudhuri and RBI Deputy Governor K.C. Chakrabarty on the issue, Kamath said in the whole issue of monetary policy, several tools are being used, including Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio. CRR is the portion of deposits kept by banks with the Reserve Bank on which no interest is paid. “I think the monetary authority (RBI) in its wisdom uses all these tools as appropriate and that’s what is being done.......
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