RBI move will suck out Rs 95,000 crore liquidity from banking system
“Hiking the CRR would have had monetary policy connotations, so the temporary increase is aimed to be a non-disruptive way of dealing with the issue of excess liquidity in the system in the backdrop of the recent demonetisation of the Rs 2,000 notes,” Aurodeep Nandi, India Economist and Vice President at Nomura, said.
