RBI MPC meet: Normalising CRR won’t crunch cash

Mumbai: The central bank’s decision to normalise the cash reserve ratio would reduce liquidity, but by doing it in a staggered manner and providing leeway to banks on marking to market their bond portfolio, it has ensured that there will be no cash crunch when the government is planning large borrowings.The Reserve Bank of India on Friday promised abundant liquidity to calm market nerves, after yields surged past 6% amid apprehension of extra