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ICRR phased withdrawal: Economists welcome RBI move to withdraw ICRR in a phased manner

The Reserve Bank of India s decision to discontinue the Incremental Cash Reserve Ratio (ICRR) in a phased manner is seen as a prudent move by experts. The ICRR withdrawal had caused a liquidity shortage in the banking system, but the RBI plans to gradually infuse the withdrawn liquidity back into the system. This phased approach is aimed at managing liquidity during the festive season and avoiding any immediate impact on short-term rates. Overall, the move demonstrates the RBI s focus on using market mechanisms to manage liquidity surpluses. ....

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'So, who kept the Rs 2,000 notes and used them?': ex-finance minister P Chidambaram questions RBI move

"The BJP's spin that the Rs 2,000 notes are being withdrawn to unearth black money stands demolished," Chidambaram said. ....

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Market Watch: Which sectors will be biggest beneficiaries of RBI announcements?

Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. ....

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