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
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.