Question
What is the current SLR rate
?Solution
SLR (statutory liquidity ratio) is determined by a percentage of total demand and time liabilities.It is commonly used to control inflation and fuel growth, by increasing or decreasing it respectively. This counter acts by decreasing or increasing the money supply in the system respectively. CRR3% SLR 18.50% Repo Rate4.00% Reverse Repo Rate 3.35% Marginal Standing Facility Rate4.65% Bank Rate4.65%
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