Question

What step has the Reserve Bank of India (RB

  • I taken to ease the liquidity crunch in the banking system?
A Increased CRR (Cash Reserve Ratio)
B Conducted a $10 billion USD/INR swap auction
C Announced bond purchases worth ₹600 billion in three tranches
D Reduced the repo rate by 1%
E Introduced new ₹2000 banknotes
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