RBI likely to press pause button on rate cuts, but may act later

....Should RBI then cut banks’ cash reserve ratio (CRR), or the portion of deposits that commercial banks are required to keep with the central bank, to make monetary transmission effective? Bankers have been strongly pushing for a cut in CRR. This, they say, will enable them to bring down their loan rates. But this, too, is unlikely to happen for two reasons. First, ...........

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