RBI hikes Cash Reserve Ratio by 50 basis points to 8% * CRR to be hiked to 7.75% on 26 April and to 8% on 10 May * CRR hike to drain out Rs18,500 crore from the banking system * RBI says move aimed at taming inflation

RBI hikes Cash Reserve Ratio by 50 basis points to 8% * CRR to be hiked to 7.75% on 26 April and to 8% on 10 May * CRR hike to drain out Rs18,500 crore from the banking system * RBI says move aimed at taming inflation
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First Published: Thu, Apr 17 2008. 07 35 PM IST
Updated: Thu, Apr 17 2008. 07 35 PM IST
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First Published: Thu, Apr 17 2008. 07 35 PM IST
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