The Reserve Bank of India (RBI) is contemplating the extension of the incremental cash reserve ratio (CRR) with potential adjustments, according to banking industry insiders. This move is aimed at managing liquidity in the banking system and controlling inflation. The RBI’s willingness to modify and extend the CRR demonstrates its commitment to fine-tuning monetary policy to address evolving economic conditions. Bankers are closely watching for further details, as this decision could have implications for liquidity management and interest rates in the Indian banking sector.
RBI Considers Extension of Incremental Cash Reserve Ratio with Modifications, Say Bankers
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