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RBI Policy

5 Aug 2014

SLR cut indicates RBIs growing confidence in Government Fiscal Consolidation Intent– PositiveforBonds

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RBI cut the SLR (Statutory Liquidity Ratio) of banks by 50bps in its policy review on 5th of August 2014. Apart from this there was no change in policy rates on Repo and CRR (Cash Reserve Ratio) that were maintained at 8% and 4% respectively.

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Arjun Parthasarathy
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