The sudden surfeit of liquidity into the banking system, accompanied by a rising rupee, may leave RBI with very little options, but to announce a hike in the cash reserve ratio (CRR) in the near-term. The only difference this time around is that bankers expect the central bank to resume paying interest on cash reserves placed with it.
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Thursday, October 11, 2007
Liquidity gush & Re may trigger CRR hike
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