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RBI introduces incremental CRR to manage excess liquidity

RBI introduces incremental CRR to manage excess liquidity

Sat, Nov 26, 2016

In order to absorb the surge in liquidity in banking system following demonetisation of high value notes, the Reserve Bank of India (RBI) introduced an incremental Cash Reserve Ratio (CRR) of 100% for the fortnight beginning from Saturday.

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