Not just CRR, debate other policy tools too

The RBI should refrain from using the CRR or SLR as a standard tool of monetary policy. At a more basic level, every law is ennobled by a reason, and when the reason behind the law ceases, so does the law itself. This is yet another reason to limit the use of changing SLR requirements as a tool of monetary policy." It is not Pratip Chaudhuri, chairman of State Bank of India, who is saying it.

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