While bankers have demanded the Reserve Bank of India (RBI) cut its cash reserve ratio (CRR) specification, economists are divided about what is likely to happen. Business Standard spoke to 10 economists and five did not expect a CRR cut, as they felt the liquidity position was comfortable. CRR is the proportion of their funds that banks have to keep (free of interest) with RBI. It is currently 4.5 per cent of their net demand and time liabilities. Those who expected a CRR cut at RBI’s second quarter review of the monetary policy on October 30 said this would help bring down lending rates............
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