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Question

What was the change in the Cash Reserve Ratio (CR

R announced by the RBI, and what is its new value?

A Reduced by 50 basis points to 4%

B Increased by 50 basis points to 4.5%

C Reduced by 25 basis points to 3.75%

D Increased by 25 basis points to 4.25%

E Reduced by 100 basis points to 3%

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