CRR hiked 50 bps, Markets to Be Volatile

The inevitable happened on Thursday evening. In its customary style, the Reserve Bank of India (RBI) hiked the cash reserve ratio (CRR) for banks to suck out money from the system—a move that follows duty cuts and export bans in the war against inflation. What surprised many was the timing of the measure since the market was expecting it on April 2

read more | digg story