Question
What was the change in the Cash Reserve Ratio (CRR)
announced by the RBI, and what is its new value?Solution
The RBI reduced the Cash Reserve Ratio (CRR) by 50 basis points, bringing it down from 4.5% to 4%. The CRR refers to the portion of bank deposits that banks must hold as reserves with the RBI. This reduction aims to improve liquidity and support economic growth amid slowing GDP expansion.
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His evidence has revealed the involvement of his neighbor i...
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A person who studies and writes about the past
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