February 07, 2020 00: 05 IST.
Updated:.
February 07, 2020 01: 01 IST.
February 07, 2020 00: 05 IST.
Upgraded:.
February 07, 2020 01: 01 IST.
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The RBI’s efforts to enhance development might alter the sentiment in the economy
The simple onion nearly halted the onward march of the Reserve Bank of India (RBI) in its endeavour to bring down monetary expenses in the economy. Nearly, because the RBI, in spite of finding its hands tied by increasing inflation thanks to onion costs, found other ways to drive down interest rates in the market, and in the system, in its financial policy announcement on Thursday. The exemption to banks from providing for money reserve ratio on fre