As we are awware that RBI (Reserve Bank of India) has cut the CRR (cash reserve ratio) by 50 basis points to 5.5 percent. Just for information one should know that 100 basis points = 1 percentage point. RBI governor D Subbarao stated that move is expected to ease liquidity conditions in the banking system by injecting Rs 32,000 crore.
Jagannadham Thunuguntla, Head of Research at SMC Global Securities has expressed his views on CRR Cut and same are as appended below:
“The CRR cut is more of an indicator that the repo rate and reverse repo rate cuts are around the corner and I believe that would happen in March. I think growth and inflation are equally important for the central bank now.”
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