GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is current CRR in india?
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3%
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4%
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5%
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2%
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Explanation:
Detailed explanation-1: -New RBI Rates for SLR, CRR, RBI Repo Rate February 08, 2023. The current/ latest rates as per RBI Monetary Policy are: SLR 18.00%, CRR is 4.50%, MSF is 6.75%, Repo Rate is: 6.50%, Reverse Repo Rate is 3.35%, and Bank Rate 6.75%. New Policy Rates by RBI in Indian Banking (as on February 08, 2023):
Detailed explanation-2: -Cash Reserve Ratio or CRR is the minimum amount as specified by the Central Bank, to be maintained by the Commercial banks of the public deposits with the Central Bank.
Detailed explanation-3: -The current SLR rate is 18.00%.
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