 "Reserve Bank of India")
Ahead of the monetary policy review, India Inc Thursday urged the Reserve Bank of India (RBI) to cut interest rate and reserve ratio to prop up growth.
In a meeting with RBI Governor Shaktikanta Das in Mumbai, industry chambers suggested various measures to ease tight liquidity situation and reduce high cost of credit in the light of consistently falling inflation.
The Confederation of Indian Industry (CII) suggested the policy measures required to ease the tight liquidity situation by effecting a cut in cash reserve ratio (CRR) by at least 50 basis points (bps), measures to facilitate flow of credit to industry, especially
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