RBI CRR

RBI cuts Indian banks' reserve ratios

The Reserve Bank of India surprises markets with a 75bp reduction in the cash reserve ratio ahead of a key policy meeting this week.

<div style="text-align: left;"> RBI's cash reserve ratio is at its lowest level since 2004 (AFP) </div>

Rupert Walker

March 12, 2012

In a surprising move, the Reserve Bank of India (RBI) reduced its cash reserve ratio (CRR) by 75bp after market hours on Friday, cutting it to 4.75% from 5.5%, effective today.

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