CRR Measures Can Be Reversed: Sonal Varma
  • Elizabeth George
  • Sep 19 2013

September 19: There are many facets of tightening measures and some can be rolled back, says Sonal Varma, ED and India Economist at Nomura (India). The central bank can make changes in the CRR for banks, borrowings from NDTL and marginal standing facility rates, she says. “They don’t need to roll back all measures, but they can take the first step towards reversal tomorrow,” she adds.