Incremental CRR move to help suck out Rs 1 lakh crore of excess liquidity: Shaktikanta Das
RBI MPC Meeting: Reserve Bank Governor Shaktikanta Das on Thursday said the move to impose a 10 per cent incremental cash reserve ratio for a limited period will help suck out Rs 1 lakh crore of excess liquidity from the system.
Das had said the return of Rs 2,000 notes since May 19 this year, has led to instances of excess liquidity for which the move was being introduced. Pic: Reuters