Question
Recently RBI has decided to change CRR to _____ effective from the fortnight beginning May 21, 2022.
Solution
Reserve Bank of India (RBI) Governor Shaktikanta Das announced that it has been decided to increase the cash reserve ratio (CRR) by 50 basis points to 4.5 per cent of net demand and time liabilities (NDTL), effective from the fortnight beginning May 21, 2022.
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