September 8, 2023 9:14 PM

RBI decides to discontinue Incremental Cash Reserve Ratio in a phased manner

RBI has decided to discontinue Incremental Cash Reserve Ratio which was put in place to absorb surplus liquidity following the withdrawal of 2,000 rupees currency notes, in a phased manner beginning tomorrow.   The Reserve Bank of India (RBI) today decided to discontinue the Incremental Cash Reserve Ratio (I-CRR), which was put in place to absorb surplus liquidity following the withdrawal of 2,000 rupees currency notes, in a phased manner beginning tomorrow.   On August 10, th...