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Rupee eases on global growth worries

Pratip Chaudhuri, chairman of the State Bank of India, said reducing the cash reserve ratio (CRR)—the amount of deposits that banks must keep with RBI—to 4% will free up about Rs 7,500 crore.

Infosys chief executive officer and managing director S. D. Shibulal
Infosys chief executive officer and managing director S. D. Shibulal
The rupee eased on Monday after a four-day trading hiatus, as renewed worries over global economic growth due to bleak U.S. jobs data last week hurt appetite for riskier assets like equities.
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