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RBI cuts CRR to spur growth - The Hindu

The Reserve Bank of India (RBI) on Tuesday cut the cash reserve ratio (CRR) by 50 basis points from 6 per cent to 5.5 per cent with effect from January 28, which would release Rs.32,000 crore into the financial system.

Reserve Bank of India, RBI credit policy, monetary policy review, economy, business and finance, economy (general)

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