..........The predominant view emerging from the poll of 10 bankers, economist and rating agencies indicated that along with inflation and growth, the rupee volatility has also become an important factor for RBI. The central bank will like to monitor the impact of the steps it took last week (July 15). Repo rate is the rate at which RBI lends short-term money to banks, while CRR is a portion of deposits that lenders keep with the RBI which does not attract any interest...........
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