RPT-India cenbank gov Rajan: cash reserve ratio won't impact lending rates

April 7, 2015 10:01 AM

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MUMBAI, April 7 (Reuters) - Reserve Bank of India Governor Raghuram Rajan said on Tuesday a cut in the cash reserve ratio (CRR) would not impact lending rates, casting doubt on a measure that had been much anticipated in markets.

Investors have been hoping the RBI would lower the CRR, or the share of deposits which lenders must keep with the central bank, as a way to spur more lending by banks.

Also read: India cenbank says to withdraw temporary cash reserve ratio hike

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