27 October 2009,
|
MUMBAI: The Reserve Bank today raised statutory
liquidity ratio (SLR), the portion of deposits that
banks are required to keep in government
securities, by 100 basis points to 25 per cent.
The RBI, however, kept other key rates and ratios l
ike repo, reverse repo and cash reserve ratio unchanged.
The decision to raise SLR, in the second quarterly review
of the credit policy, is aimed at reducing liquidity and fighting the
inflationary expectations, which has started building up,
especially in the case of food items.
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