RBI cuts CRR, repo rates to boost economy
Mumbai, Nov 1: After infusing Rs 1,85,000-crore liquidity into the banking system, the Reserve Bank of India on Saturday, Nov 1 effected yet another 100 basis points cut in cash reserve ratio (CRR) and a 0.5 per cent reduction in key short-term lending (repo) rate, signaling softening of interest rates to prop up growth.
