November 22, 2024 23:04 (IST)
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RBI policy rate hike: Experts react

RBI policy rate hike: Experts react

Mumbai: Reserve Bank of India's hike in repo rate by 50 basis points (bps) to 4.90 percent is an expected move amid the current inflationary pressures and more hikes can follow in the subsequent months, said experts.

Banks request RBI to not raise CRR in next monetary policy meet

Banks request RBI to not raise CRR in next monetary policy meet

Mumbai: Banks have approached the Reserve Bank of India (RBI), requesting not to further increase the Cash Reserve Ratio (CRR) threshold in the upcoming monetary policy meeting to allow credit growth amid already tightened liquidity following the last monetary policy in early May.