The Reserve Bank of India (RBI) cut the cash reserve ratio (CRR) by 0.50%, releasing ₹1.16 lakh crore into the banking system. Bankers lauded the move, expecting it to lower borrowing costs and boost lending. The RBI maintained the repo rate, signaling a focus on inflation control while supporting growth through CRR reduction and other measures.
from Banking/Finance-Industry-Economic Times https://ift.tt/e5jHadV
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