What is a CRR rate

Posted by: Hemraj sehra Posted date: Wednesday, June 13, 2012 / comment : 0

Cash reserve Ratio (CRR) is that the amount of funds that the banks have to be compelled to keep with RBI. If RBI decides to extend the % of this, the available amount with the banks comes down. RBI is mistreatment this technique (increase of CRR rate), to empty out the excessive cash from the banks.

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