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RBI infuses Rs 20k cr through CRR cut

The Reserve Bank of India on Friday eased money supply further by cutting key policy rates and ratios - decisions that would among other things infuse Rs 20,000 crore into the banking system.

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The Reserve Bank of India on Friday eased money supply further by cutting key policy rates and ratios - decisions that would among other things infuse Rs 20,000 crore into the banking system.


The central bank cut Cash Reserve Ratio - the amount of cash that banks need to keep in reserve - by 0.50 percentage point to five per cent.

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