the CRR hike will result in interest loss to banks and at d same time suck out 15000crs from the banking system. it is basically done to manage fii inflows.
i thnk usa is in a stage of recession and will surely not go into a stage of derpression. if we look @ d the statistics, we need to look at it carefully. simplty usa has a huge base effect. so even a 2-3% gdp growth is huge in actual number. but certainly it is goin 2b diff for usa to even...