Will RBI policy boost economy ?
The Reserve Bank of India's moves to cut its benchmark interest rate and slash the cash reserve ratio requirements were unanimously seen as positive steps by the banking fraternity, but whether these moves will act as a stimulus remained to be seen.

The moves, designed to jumpstart a sluggish economy, included a Bank Rate cut by 0.50 percentage point, from 7 per cent to 6.5 per cent, and a reduction in CRR by 2 percentage points from 7.50 per cent to 5.50 per cent, releasing on additional liquidity of Rs 6,000 crore to banks
Back to News Review index page