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RBI slashes CRR by 0.5 percent

The Reserve Bank of India had decided to slash the Cash reserve ratio ( CRR ) by half a percent or 50 basis points thus bringing it down to 8.5%. The move is to release cash into the system and banks will find it easier to lend to borrowers. Manic Monday saw the Sensex crashingContinue reading “RBI slashes CRR by 0.5 percent”