With a move to push growth, the Reserve Bank of India today kept hold its policy rates, repo rates unchanged and being refused to move ahead for banks’ cash reserve ratio due to much pressure of inflationary on economy.
In its fourth quarter of 2012-13, RBI cut CRR by 25 basis points to 4.25 percent, the limited money that commercial banks have to retain in the form of liquid assets which leading to the some Rs.175 billion into the banking system. Read more
