An Indian securityman stands guard outside the Reserve Bank of India (RBI) headquarters in Mumbai, India
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An Indian securityman stands guard outside the Reserve Bank of India (RBI) headquarters in Mumbai, India. The financial market welcomed, Friday, India's central bank, Reserve Bank of India's (RBI) move of cutting cash reserve ratio (CRR or the proportion of deposits banks need to keep with the central bank) by 1 percentage point, saying it would release Rs.60,000 crore ($15 billion) into the banking system and ease the credit crunch that has roiled the domestic economy, but felt the central bank should do more. (AFP Photo)