RBI should revisit its liquidity policy, rethink using CRR as a regulatory intervention tool: SBI Report

RBI should revisit its liquidity policy, rethink using CRR as a regulatory intervention tool: SBI Report
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The Reserve Bank of India (RBI) may use the cash reserve ratio (CRR) for regulatory intervention instead of liquidity management. The report by SBI suggests the CRR should be a countercyclical liquidity buffer, and a revision of RBI’s liquidity strategy and policy rate framework is needed. Read More