Question

From which date the Reserve Bank of India (RBI) has increased the CRR by 50 basis points to 4.5%?

A 21st May 2022 Correct Answer Incorrect Answer
B 23rd May 2022 Correct Answer Incorrect Answer
C 25th MAy 2022 Correct Answer Incorrect Answer
D 26th MAy 2022 Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

The Reserve Bank announced a hike in cash reserve ratio (CRR) by 50 basis points to 4.5 per cent, effective May 21, which will take out Rs 87,000 crore liquidity from the system.

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