The average cash reserve ratio across the entire United Kingdom banking system, though, was higher during that period, at about 0.15 %.
12.
What's more, the banks'cash reserve ratio ( CRR ) requirement was pushed up by 50 basis points to 10 . 5 per cent.
13.
It has also exempted new foreign currency deposits by Indians residing abroad from the cash reserve ratio, and cut the ratio for existing deposits to 7.5 percent.
14.
The central bank has already cut the cash reserve ratio twice in the last five months, by half a percentage point in November and the same amount in January.
15.
The cuts followed the central bank's announcement Saturday that it will cut its cash reserve ratio, the percentage of deposits banks must keep with it, by two percentage points.
16.
On 16 January, to curb speculation in the foreign exchange markets, the RBI hiked the bank rate by two percentage points, and raised the cash reserve ratio for banks.
17.
It has also exempted new foreign currency deposits by Indians residing abroad from the cash reserve ratio, and cut the ratio for existing deposits to 7 . 5 percent.
18.
On the other hand, CRR, or cash reserve ratio, is the portion of deposits that the banks have to maintain with the Central Bank to reduce liquidity in banking system.
19.
The cuts in the cash reserve ratio and the bank rate have no meaning in the present context, " said Saumitra Chaudhury, chief economist at credit rating agency ICRA Ltd.
20.
The cut followed Reserve Bank of India's announcement Saturday of a 2 percentage point cut in the cash reserve ratio, the percentage of deposits banks must keep with the central bank.
