RBI - Second Quarter Review of Monetary Policy 2012-13
Cash
Reserve Ratio
·
RBI
has decided to reduce the cash reserve ratio (CRR) of scheduled banks by 25
basis points from 4.5% to 4.25% of their net demand and time liabilities (NDTL)
effective the fortnight beginning November 3, 2012.
·
As
a result of this reduction in the CRR, around `175
billion of primary liquidity will be injected into the banking system.
