"If we think its appropriate to use it [a cash reserve ratio cut] we will, and it is certainly on the table," Reserve Bank of India Deputy Governor Subir Gokarn said on television in comments indicating that a CRR cut may come
MUMBAI: In a bid to step up financial inclusion, theReserve Bank of India (RBI) has permitted all business correspondents (BCs) or representative of any one particular bank to conduct business for other banks as well.
With the rupee dipping to a one-month low, the headless chicken have come out squawking again, pleading for theRBI to intervene to shore up the Indian currency. Evidently, they haven't learnt the lesson from 2011, when the rupee fell by 2011
