'CRR hike necessary to manage excess liquidity'
Finance Ministry today said RBI's raising CRR became necessary due to increase in liquidity in the system as large sums of money in the form of scrapped Rs 500/1000 notes is being deposited by the public in banks.
Other Policy Videos
GDP growth: Indian economy to grow at 7.3% in FY24, govt releases first advance estimate data
Q2 GDP growth data: Indian economy grows at 7.6% in Sept quarter, beats analysts' expectations
Jerome Powell at Jackson Hole symposium: US Fed ready to hike interest rates to bring down inflation
GDP data: Indian economy grows at 6.1% in Q4, FY23 growth better-than-expected at 7.2%
Shaktikanta Das on fate of Rs 2000 notes: Will continue to be legal tender, procedural elements post-September 30 will be decided accordingly
