Question
How much did the RBI reduce the Cash Reserve Ratio (CRR)
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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