The Reserve Bank of India on Friday eased money supply further by cutting key policy rates and ratios - decisions that would among other things infuse Rs 20,000 crore into the banking system.
The Reserve Bank of India on Friday eased money supply further by cutting key policy rates and ratios - decisions that would among other things infuse Rs 20,000 crore into the banking system.
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The central bank cut Cash Reserve Ratio - the amount of cash that banks need to keep in reserve - by 0.50 percentage point to five per cent.
It also cut repo and reverse repo - the short-term rates at which RBI lends and borrows from banks - by 100 basis points each to 5.5 per cent and four per cent, respectively.
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