https://www.taxtmi.com/news?id=1030 The Reserve Bank raised the Statutory Liquidity Ratio as a first step in a calibrated exit from an easy money stance while leaving key interest rates unchanged; the increase is unlikely to materially affect banks because they already hold government securities above the new requirement, the average SLR being higher than the revised level. The Bank emphasized sequencing withdrawal to protect recovery while addressing inflation expectations and maintained its growth forecast while increasing its inflation estimate. en-us Wed, 28 Oct 2009 08:42:53 +0530 Wed, 28 Oct 2009 08:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1030 The Reserve Bank raised the Statutory Liquidity Ratio as a first step in a calibrated exit from an easy money stance while leaving key interest rates unchanged; the increase is unlikely to materially affect banks because they already hold government securities above the new requirement, the average SLR being higher than the revised level. The Bank emphasized sequencing withdrawal to protect recovery while addressing inflation expectations and maintained its growth forecast while increasing its inflation estimate. News - Wed, 28 Oct 2009 08:42:53 +0530 https://www.taxtmi.com/news?id=1030