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Reserve Bank of India cuts 50 basis points in CRR

  • Author: Subramanian
  • Filed under: Bank
  • Date: Oct 7,2008
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In order to bring in some liquidity flow in banking system RBI cut 50 basis point in the CRR which has brioght down the crr to 8.5 percent this will be in effective from 11 October 2008. The measure would release Rs 20000 crore into the banking system.


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