SBI Mutual Fund News

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Why RBI cut CRR to 4% and reduced GDP growth forecast to 6.6%

The Reserve Bank of India (RBI) has cut the Cash Reserve Ratio (CRR) by 50 basis points to 4% and reduced its GDP forecast to 6.6% from the earlier 7.2%, Governor Shaktikanta Das announced on Friday, December 6, during his monetary policy decision announcement speech. The CRR is the percentage of total deposits a bank […]

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