Oct 22, 2001, 12:01 AM
News Code: 9032609
0 Persons
CRR rate, bank cuts India of Bank Reserve cut Monday (RBI) India of Bank Reserve The -- IRNA 22, Oct Delhi, New 1973, May since lowest the percent, 5.6 to percent 5.0 by rate ban the .India of Trust Press said Monday, on business of close the at bank addressing Jalan, Bimal Governor (RBI) bank apex India's Maharashtra of state Indian western the in Mumbai in executives chief (CRR) ratio reserve cash the in cut percent two a announced Monday fortnight the from phases two in percent 5.5 to percent 5.7 from .PTI adds three, November beginnig from effective percent 75.5 to down brought be would cut CRR The percent 5.5 to down brought be subsequently would and date, said the .29 December beginning fortnight the from policy credit and monetary the of review mid-term the Releasing was systems two these of impact combined the said Jalan Mumbai, in .billion 80 .Rs about the in projection a uncertainties, global of view in said Jalan is year fiscal this for rate growth in percent six to five of range .management monetary for reasonable considered in be would year fiscal this for bill inputs oil the said Jalan USD of imports actual against as billion 18 to 5.17 USD of range the price oil average assuming year, fiscal previous the in billion 6.15 .barrel per 25 USD at stays year financial the of rest the for IND/LS/RR End