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CRR cut welcome step in right direction to boost confidence: Montek Singh Ahluwalia

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Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission says that CRR cut is a welcome step in the right direction. "It is a misnomer that repo rate cut gives access to more liquidity. CRR cut should be looked at in totality with steps taken by govt. This will build confidence," he says.

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