What is the Cash Reserve Ratio (CRR)?

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Economics · Indian Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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The percentage of a commercial bank's total deposits that it is required to keep with the Reserve Bank of India.

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Answer 1

The percentage of a commercial bank's total deposits that it is required to keep with the Reserve Bank of India.

Answer 2

The rate at which banks lend money to customers.

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Answer 4

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