Whenever RBI reviews Monetary Policy, some financial jargons hijack 1st page of all business newspapers and TV channels…Recent one, on last Friday as soon as I switched on TV, the top headline on all Business Channels was that RBI cuts CRR by 75 bps i.e. 0.75%. 1 bps equals to 0.01%....As a layman many people don’t even understand what it means and what will be its impact on common men…Last time RBI cuts CRR was in Jan'12 by 50 bps. This recent move is quite surprising.
In layman terms Cash Continue Reading