To CRR, or not to?

.....CRR was mainly used to neutralise the inflationary impact of deficit financing during the 1970s, 1980s and 1990s. Accordingly, it was gradually raised from its statutory minimum of three per cent in September 1962 to 15 per cent by July 1989 and again brought down to 4.75 per cent. Now, will the central bank reduce CRR on September 17? Or will it actually set up a committee with a mandate to submit the report after the present governor steps down? The debate continues.

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