RBI cuts CRR, keeps repo rate unchanged: Here’s why | Breaking news
The Reserve Bank of India (RBI) on Friday (December 6) cut the cash reserve ratio (CRR) by 50 basis points (bps) to 4% from 4.5% to boost liquidity in the financial system. CRR is the percentage of a bank’s total deposits that it is required to hold in liquid cash as reserves with the RBI. … Read more