What is CRR,Repo and Reverse Repo
Today was RBI policy meet and a Hike of 25 bps in repo and reverse Repo Rate.I have complied the following to give my readers who have no idea about these rates and there impacts.
What is CRR?
Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with
the RBI. If the central bank decides to increase the CRR, the available amount
with the banks comes down. The RBI uses the CRR to drain out excessive money
from the system.
Commercial banks are required to maintain with the RBI an …
Read the full story »
What is CRR?
Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with
the RBI. If the central bank decides to increase the CRR, the available amount
with the banks comes down. The RBI uses the CRR to drain out excessive money
from the system.
Commercial banks are required to maintain with the RBI an …
Read the full story »
posted by Bramesh at
10:09 PM
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