Colombo, Nov 21: The Reserve Bank of India (RBI) has not changed its stance on cash reserve ratio (CRR) and interest rates from that outlined in its mid-year policy review, the central bank's deputy governor said on Friday. "There has been no material change in conditions since the policy," Rakesh Mohan said, referring to a policy announcement made on November 3.
"We don't make policy changes on a daily basis," he said, when asked about its stance on interest rates. Bureau Report