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What is CRR rate?

Isabella Mitchell | 2023-06-09 22:27:00 | page views：1752
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Julian Martinez

Works at the International Fund for Agricultural Development, Lives in Rome, Italy.
Cash Reserve Ratio is a certain percentage of bank deposits which banks are required to keep with RBI in the form of reserves or balances. Higher the CRR with the RBI lower will be the liquidity in the system and vice versa. RBI is empowered to vary CRR between 15 percent and 3 percent.
2023-06-18 22:27:00
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Liam Turner

QuesHub.com delivers expert answers and knowledge to you.
Cash Reserve Ratio is a certain percentage of bank deposits which banks are required to keep with RBI in the form of reserves or balances. Higher the CRR with the RBI lower will be the liquidity in the system and vice versa. RBI is empowered to vary CRR between 15 percent and 3 percent.
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