Oct 2007:In a clear indication that tackling excess liquidity generated by huge capital inflows was its primary challenge, the Reserve Bank of India (RBI) on Tuesday siphoned out Rs 16,000 crore of the Rs 30,000-crore liquidity overhang from the system by hiking the cash reserve ratio (CRR) 50 basis points to 7.5%. - RBI Trains Guns on Excess Liquidity, The Financial Express, Oct 31, 2007Oct 2008:“Credit is the lifeline of trade, commerce and business and, hence, it is important that credit continues to flow to all sectors of the economy. In consultation with RBI and other regulatory authorities, government will address the liquidity and other concerns about the economy,” Chidambaram said in a statement. - Liquidity Main Problem, Will Act Swiftly: FM, The Economic Times, Oct 10, 2008BeachBoys singing “I Get Around”