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RBI MPC meeting LIVE: Shaktikanta Das said that the incremental CRR for banks is a temporary measure and will be reviewed on September 8.
Das added that the prevailing CRR will remain unaffected. The current CRR in India is 4.5%.
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India's foreign exchange reserves fell by $8.3 billion to $566.95 billion in the week ended February 10 -- its biggest weekly fall in 11 months.
The Reserve Bank of India's (RBI) move to relax regulations to boost foreign exchange inflows will not have any material change in receipts, but certainly helpful in directional forex signalling to speculators, said Emkay Global Financial ...