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RBI Official: CRR may cut, if the tight liquidity conditions prolonged
December, 01st 2010

The Reserve Bank of India (RBI) could cut the cash reserve ratio (CRR), the money that is kept by the banks with the RBI , if the tight liquidity conditions prolonged, a finance ministry official said on Tuesday.

The central bank, however, does not expect the tight liquidity conditions to prolong, the official, who did not wish to be quoted told reporters on the sidelines of an event.

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