Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Predictable pause, and a CRR surprise
Mint Mumbai
|August 11, 2023
Rates on hold; 10% incremental CRR to suck ₹1 tn out of market
The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) on Thursday kept the policy rate and stance unchanged for the third time in a row, citing the need to watch the evolving inflation trajectory amid adverse weather conditions.
All MPC members voted for a pause in the repo rate at 6.5%. Five out of six members also voted for a continuation of the “withdrawal of accommodation" stance.
However, in an unexpected move, RBI announced a 10% incremental cash reserve ratio (CRR) for banks on the increase in their net demand and time liabilities (NDTL) between 19 May and 28 July. This is primarily to address the liquidity overhang due to the withdrawal of ₹2,000 notes. This measure is similar to the 100% incremental CRR introduced between 26 November 2016 and 10 December 2016, following the demonetization of high-value notes.
Denne historien er fra August 11, 2023-utgaven av Mint Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
Chip crunch hits laptops, budget smartphones
Prices of budget smartphones and laptops in India have risen by almost 10% and a further increase may be on the anvil next year.
2 mins
November 22, 2025
Mint Mumbai
Space startup Agnikul raises ₹150 crore
Aerospace startup Agnikul has raised ₹150 crore in a Series C round, two people familiar with the matter told Mint, after its earlier plan to raise up to $50 million failed to draw sufficient investor interest.
1 mins
November 22, 2025
Mint Mumbai
It's a new day for labour
Four consolidated codes advance equal pay for women, gig worker protection, gratuity after a year, health checks
5 mins
November 22, 2025
Mint Mumbai
Global giants press for PLIs on aerospace components
Airbus, Boeing, Pratt & Whitney seek production-linked incentives like the one for drones
3 mins
November 22, 2025
Mint Mumbai
Digital gold stumbles, ETFs sniff opportunity
Fund houses are promoting gold ETFs as secure, regulated, transparent
2 mins
November 22, 2025
Mint Mumbai
When the music played
For all the years it was central to entertainment and information, the television was called \"the idiot box\", and a good vs bad debate continues to swirl around it long after many have cut cable and switched to streaming.
1 mins
November 22, 2025
Mint Mumbai
Gratuity and benefits to soar for millions of employees
The government on Friday implemented four new labour codes, marking the biggest overhaul of workers’ laws in decades.
2 mins
November 22, 2025
Mint Mumbai
Rising stars of mixed-doubles table tennis
Diya Chitale and Manush Shah are the first Indians to qualify for the WTT Finals
4 mins
November 22, 2025
Mint Mumbai
THE AGE OF MT
In the 1990s and 2000s, MTV changed Indian pop forever through innovative programming and VJs who gained their own fandom. When did it stop experimenting?
7 mins
November 22, 2025
Mint Mumbai
Behind strong Q2 show, a shallow recovery
India Inc’s September-quarter print was shaped by small- and mid-cap outperformance, and sector-specific boosts for oil marketing companies, cement and consumption niches rather than a broad-based demand upturn.
3 mins
November 22, 2025
Translate
Change font size