........"I am very happy at the Governor's announcement...When we ask for the reduction in the cash reserve ratio, it is not only for selfish interest, it will help the country and the people by diverting capital for productive purposes," he said at an event here. Chaudhuri had started a debate on withdrawing the cash reserve ratio (CRR), which is the amount of deposits banks have to park with RBI, calling it as "dead money".............
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