Mumbai: The Reserve Bank of India (RBI) believes that it is better to use cash reserve ratio (CRR) for the transmission of monetary policy than policy rates or statutory liquidity ratio (SLR), reports Rupee Times. In the last few months, it was being discussed in the market RBI would start using (SLR) as a monetary policy tool. During an interaction with some of the analysts, Subir Gokarn, Deputy Governor, RBI said, "We are looking at CRR now and, I think, it will continue to be a tool that we will use". He also said that Policy rate moves in India can take as long as a year to result in bank rate changes, while increases in CRR immediately sucks out liquidity from the system. The RBI is also trying to avoid open market operations (OMOs) as far as possible. RBI Governor D Subbarao said, "OMO will be the last option and I do not foresee any contingency on OMO at this stage. OMO is a part of RBI's management of liquidity of the system. Last year, RBI had resorted to OMOs frequently to ensure availability of resources in the system to support the government borrowing programme."