The Resrve Bank of India today (17th Spetember 2012 - Monday) cut the cash reserve ratio from 4.75 per cent to 4.5 per cent. The central bank took the government’s reforms rendition a note higher by cutting its key cash reserve ratio by 0.25 per cent to increase liquidity flow into the economy. It kept the short term lending and borrowing rates unchanged. The cut in the Cash Reserve Ratio will release Rs 17,000 crore (Rs 170 billion) into the financial system.
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