RBI raises daily cash reserve ratio to 99% to curb liquidity surplus
By United One News · AI-generated summary of 2 outlets' reporting
Published · Updated
AI-generated summary of the coverage listed below:
The Reserve Bank of India increased the minimum daily CRR from 90% to 99% on October 16, 2026, to manage excess liquidity.
- The change follows a 25‑basis‑point repo rate hike to 5.50%.
- The move targets surplus liquidity from banks’ FCNR(B) deposits totaling $133 billion.
- The new CRR will take effect from the reporting fortnight starting Oct 16, 2026.
Covered by 2 outlets across the spectrum: 0% left, 100% center, 0% right.
How each side framed it
Liquidity surplus: RBI increases minimum daily maintenance of CRR
Timeline
First reported by The Hindu BusinessLine on ; 2 articles from 2 outlets so far.
Who is covering this story
- Center (2): The Hindu BusinessLine, Free Press Journal