And no, they’re not rushing to hike the CRR. Why? Because pulling out cash via tools like OMOs and variable rate repos is cheaper, smoother, and smarter. Think of it like draining a bathtub slowly instead of yanking the plug and causing a flood. Markets are watching closely; because this subtle shift could quietly reshape how banks lend, how rates move, and even how you get that personal loan or home loan. The RBI’s not making noise. But their moves? Loud enough to change your money game.