The Reserve Bank of India (RBI) on Friday increased the cash reserve ratio (CRR) of scheduled banks by 75 basis points from 5.0 per cent to 5.75 per cent of their net demand and time liabilities (NDTL) in two stages.

The first stage of increase of 50 basis points will be effective the fortnight beginning February 13, 2010, followed by the next stage of increase of 25 basis points effective the fortnight beginning February 27, 2010.

(Click here to download the RBI's Third Quarter Review of Monetary Policy 2009-10 - PDF 169kb)

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