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Strategies & Market Trends : India Stocks
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From: tom pope3/9/2012 11:49:23 AM
   of 2517
 
FT
The Reserve Bank of India cut its cash reserve ratio for banks by 75bps on Friday, allowing the release of Rs480bn ($9.63bn) into the economy just as liquidity in the banking system is expected to tighten in coming weeks.

Economists said a cut in the CRR was expected before the bank’s policy review meeting next Thursday and, although 75bps was on the higher side of most predictions, the RBI was still unlikely to cut key interest rates any sooner than its April policy meeting, as previsously expected.
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