India's Central Bank Boosts Liquidity

  Published 1 year ago

India's central bank unexpectedly cut the Cash Reserve Ratio (CRR) to 3%, releasing ₹2.5 trillion into the banking system. This, combined with a 50 bps policy rate cut and prior infusions, aims to increase lending and improve monetary transmission.

  • CRR cut to 3%, lowest since March 2020.
  • ₹2.5 trillion liquidity boost for banks.
  • Supports unwinding of the FX forward book.

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