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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