With companies complaining of a liquidity crunch, some economists expect Reserve Bank of India to lower the cash reserve ratio, the percentage of deposits banks must keep with the central bank.
22.
It also raised the cash reserve ratio requirement-- or the part of deposits that banks need to keep as reserve with the central bank-- by half a percentage point to 10.5 percent.
23.
The cuts follow Reserve Bank of India's announcement Saturday that it will reduce the cash reserve ratio, the percentage of deposits banks must keep with the central bank, by 2 percentage points.
24.
Many investors expect the Sensitive Index to head to a three-year low of 2800 unless the central bank cuts the cash reserve ratio more than one and a half percentage point, Reddy said.
25.
Announcing its " slack season " monetary policy for the next six months, the Reserve Bank of India said it will cut the cash reserve ratio, or CRR, to 13 percent from 14 percent.
26.
Persuade him to return to the targets set by the previous credit policy-- bringing the cash reserve ratio down to 8 per cent, and the bank rate down to 9 per cent or less.
27.
It also raised the cash reserve ratio requirement-- or the part of deposits that banks need to keep as reserve with the central bank-- by half a percentage point to 10 . 5 percent.
28.
The All Indian Association of Industries has urged the Reserve Bank to lower the cash reserve ratio to 10 percent, the rate the central bank has said it would aim for by March 1997.
29.
S . S . Tarapore, the bank's deputy governor, said last month it would be irresponsible for it to yield to pressure from industry for a cash reserve ratio cut because that would boost inflation.
30.
In one fell swoop, Jalan raised the Bank Rate by 200 basis points to 11 per cent and the cash reserve ratio ( CRR ) of commercial banks by 50 basis points to 10.5 per cent.
