Thursday, October 25, 2012

Priority’s liquidity, not cuts, says St

Several economists feel rising liquidity adjustment facility (LAF) deficit and tightening credit at banks will likely push the Reserve Bank of India (RBI) to again cut the cash reserve ratio (CRR) at least 25 basis points (bps) to 4.25%, when it reviews its monetary policy on October 30. There are, however, few takers for a rate cut, given the sticky inflation......

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