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CRR

Oct

5

2012

What is CRR?

In: Economics,G.K Asked By: [416 Blue Star Level]
Answer #1

CRR is the amount of funds that the bank keep with RBI . If RBI decides to increase the % of this the available amount with the banks comes down . This is used to drain out the excess money Bank .

Answers Answered By: krishna [347 Blue Star Level]
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