Thursday, October 18, 2007
MUMBAI: The market crash, joined with the deteriorating of the rupee, has reduced probability of a hike in the cash reserve ratio. Money market dealers sense that the option of limitations on foreign investment, coupled with hesitation could result in some moderation of foreign capital flows into the Indian market.
Till last week, there was a great possibility of RBI hiking the cash reserve ratio (the percentage of deposits, which banks have to lay with the central bank in the form of cash) by 50-100 basis points. This was mostly felt because of the enormous amount of cash funds suspended in the banking system, more due to the huge cash inflows from FIIs.
Refer : http://economictimes.indiatimes.com/Market_crash_weak_
Till last week, there was a great possibility of RBI hiking the cash reserve ratio (the percentage of deposits, which banks have to lay with the central bank in the form of cash) by 50-100 basis points. This was mostly felt because of the enormous amount of cash funds suspended in the banking system, more due to the huge cash inflows from FIIs.
Refer : http://economictimes.indiatimes.com/Market_crash_weak_
Re_dilutes_CRR_hike_chances"/articleshow/2472244.cms
posted by stifxonline
@ 10:50 PM
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