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RBI To Discontinue Incremental Cash Reserve Ratio In Phased Manner

Por: RTTNews Business September 08, 2023

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The incremental cash reserve ratio, or I-CRR, that was implemented in August to absorb the surplus liquidity from the financial system will be discontinued in phases, the Reserve Bank of India said Friday. On a review, it has been decided to discontinue the I-CRR in a phased manner, the RBI said in a statement.Based on an assessment of current and evolving liquidity conditions, it has been decided that the amounts impounded under the I-CRR would... + full article



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