RBI cuts CRR and repo rate to infuse liquidity

THE JHARKHAND STORY DESK   Mumbai, June 6: In a significant move to stimulate liquidity, the Reserve Bank of India (RBI) on Friday slashed the Cash Reserve Ratio (CRR) by 100 basis points, bringing it down from 4 per cent to 3 per cent in four stages. This is expected to release approximately ₹2.5 lakh … Continue reading RBI cuts CRR and repo rate to infuse liquidity