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Question

What step has the Reserve Bank of India (RBI) 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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Relevant for Exams:

CBI Credit Officer (Scale 1)

Central Bank of India (CBI) Credit Officer

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