India’s RBI: tightening or loosening? | beyondbrics:
"The Reserve Bank of India, the country’s central bank, has been busy this month with all kinds of efforts to tighten liquidity and make currency speculation more expensive.
But the big ticket announcement comes on Tuesday when it sets its repo rate – the rate at which banks borrow from the RBI – and its cash reserve ratio – the proportion of deposits that banks must have in hand as cash.
The repo rate was cut three times between January and April, as policy makers tried to boost India’s waning economy."
'via Blog this'
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