Question
How much did the RBI reduce the Cash Reserve Ratio (CR
- R by in December 2024?
Solution
In December 2024, the RBI reduced the Cash Reserve Ratio (CRR) by 50 basis points (bps) to 3.5% in two stages, as part of efforts to improve liquidity conditions in the banking system. This decision was made to support the economy amidst tight monetary conditions.
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