FX.co ★ India Keeps Cash Reserve Ratio Unchanged at 4.5% as of April 5th, 2024

India has decided to maintain its Cash Reserve Ratio (CRR) at 4.5%, as announced on April 5th, 2024. The CRR is the percentage of a bank's total deposit that must be maintained with the central bank to ensure financial stability and liquidity in the economy. This move indicates the country's cautious approach towards monetary policy amid ongoing economic challenges. With the CRR remaining steady, it showcases the Reserve Bank of India's commitment to managing liquidity in the banking system. Analysts will be closely monitoring future decisions regarding the CRR as India navigates through its economic landscape.