Page-3 of Open market operation Current Affairs, GK & News

RBI has introduced Incremental CRR

To absorb the surplus liquidity available in the banking system post demonetisation, the Reserve Bank of India (RBI) has mandated the banks to maintain incremental cash reserve ratio of 100% effective the fortnight ended November 26. It will be applicable to deposits made between September 16 and November 11 fortnights. According to RBI data, total ..

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CRR should be reduced: C Rangarajan

The Prime Minister’s Economic Advisory Council Chairman, C Rangarajan, has opined to reduce the use of CRR and suggested that it should be used only in extraordinary circumstances. As per him, the need for using it reduces with the option of Open Market Operations (OMOs) already in place. Cash Reserve Ratio which is abbreviated as ..

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India’s cash deficit to worsen: JP Morgan

J.P.Morgan held that: Since Govt spending remains half hearted, India’s liquidity deficit will decline more, hitting 1.5 lakh crore in June 2012. Core liquidity deficit could hit 1 lakh crore by the end of June, 2012. For this JP Morgan recommended: The deficit would only come down if there are more cuts in the CRR ..

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A look into recent RBI decisions

The Reserve Bank of India’s third quarter recapitulation of monetary policy was devoid of major surprises. The only change in monetary policy instruments was a cut in the Cash Reserve Ratio (CRR) by 0.50% point to 5.5%. This decision will in turn resulted in- Release of Rs.32,000 Crore of funds squeezed from banks. The key ..

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General Compendium-1

What is a “Casting Vote in India Politics?Speaker’s Vote in Loksabha is known as Casting Vote. What is “Cultural Revolution of China“?Cultural Revolution in the People’s Republic of China was a period of widespread social and political upheaval; the nation-wide chaos and economic disarray engulfed much of Chinese society between 1966 and 1976. It was ..

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