India Cash Reserve Ratio unchanged at 3%
India's cash reserve ratio remains at 3%. The Reserve Bank of India had previously raised its key interest rate by 25 basis points to 5.50%, adjusting the standing deposit facility rate to 5.25%.
India's cash reserve ratio remains at 3%. The Reserve Bank of India had previously raised its key interest rate by 25 basis points to 5.50%, adjusting the standing deposit facility rate to 5.25%.