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Press Information Bureau Government of India Ministry of Finance
30-March-2012 17:28 IST
Frequent Change of CRR
Since 26.4.2010, the Cash Reserve Ratio (CRR) has been changed twice by the Reserve Bank of India (RBI) as per details given below.
Date
Change in CRR
28.01.2012
Reduced from 6 per cent to 5.5 per cent
10.03.2012
Reduced from 5.5 per cent to 4.75 per cent
The main purpose of reducing the CRR is injection of primary liquidity in the system so as to assist the flow of credit growth to the productive sectors of economy, mitigate the downside risks to growth and anchoring the medium term expectations to low and stable inflation.
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Lok Sabha today.
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