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FM hails RBI cuts in CRR, bank rate

Finance Minister Yashwant Sinha has hailed the decision of the Reserve Bank of India to cut the cash reserve ratio or CRR and bank rate as a 'timely step' to help the national economy.

In a statement, Sinha said he was glad that the RBI had moved comprehensively and the reduction of interest rates and cut in CRR were both positive developments and would benefit the economy.

UNI

RBI's Credit and Monetary Policy 1999-2000

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