Â ???Â ??????Â Â PRESSÂ RELEASEÂ ??????Â ???Â ??Â ?????Â ????,Â ?? ?Â ??????,Â ??.??.??.???,Â ??????400001Â ____________________________________________________________ _________________________________________________________ Â RESERVEÂ BANKÂ OFÂ INDIAÂ Â DEPARTMENTÂ OFÂ COMMUNICATION,Â of significanceÂ Office,Â S.B.S.Marg,Â Mumbai?400001Â ???/Phone:Â 91Â 22 2266Â 0502 ? ?/Fax:Â 91Â 22 22660358Â ? Â Â Â Â :Â www.rbi.org.in/hindiÂ WebsiteÂ :Â www.rbi.org.inÂ ?????Â email: email@example.comÂ ??????? Â marching 9, 2012 RBI Announces Reduction in the CRR Monetary/Liquidity Measures It has been decided to: reduce the capital brave ratio (CRR) of scheduled banks by 75 basis points from 5.5 per cent to 4.75 per cent of their net demand and time liabilities (NDTL) effective the two weeks beginning March 10, 2012. This reduction will inject mean to `480 gazillion of first liquid into the banking system. In articulate to lessen tight fluidity conditions, the cash reserve ratio was interrupt down by 50 basis points in the terce thread Review (TQR) of January 2012, injecting primary liquid of `315 billion into the banking system.
The concord bank building also continued with the open market place operations (OMOs), injecting primary liquidity of over `1,245 billion this pecuniary year so far, of which `528 billion was injected after the TQR. Despite these measures, the liquidity deficit has remained broad on account of both geomorphological and frictional factors. This was reflected in the net medium borrowing at a l ower place the Reserve Banks liquidity adjus! tment facility (LAF) rising from an average of `1,292 billion in January 2012 to `1,405 billion in February. Net guessing of liquidity done LAF rose to a peak of `1,917 billion on March 1, 2012, though subsequently it declined to `1,273 billion on March 7, 2012. Further, the liquidity deficit is expected to increase significantly during the second calendar week of March due to cast out tax outflows and the usual frontloading of cash balances by banks with...If you want to stun a full essay, order it on our website: OrderCustomPaper.com
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