What was the change in the Cash Reserve Ratio (CRR)

Q: Answer-What was the change in the Cash Reserve Ratio (CRR) announced by the RBI, and what is its new value?

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.

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

A Reduced by 50 basis points to 4% Correct Answer Incorrect Answer

B Increased by 50 basis points to 4.5% Correct Answer Incorrect Answer

C Reduced by 25 basis points to 3.75% Correct Answer Incorrect Answer

D Increased by 25 basis points to 4.25% Correct Answer Incorrect Answer

E Reduced by 100 basis points to 3% Correct Answer Incorrect Answer

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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