What is meant by CRR, Reporate, reverserepo rate?
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Answer / lv
All scheduled banks are required to maintain a certain
proportion of their deposits with RBI is known as CRR
The interest rate given by RBI on low term loans to the
commercial banks is known as REPO rate
The rate that banks give on low term loans to RBI is known
as REVERSE REPO rate
| Is This Answer Correct ? | 20 Yes | 0 No |
Answer / chhanda charan
crr is the portion of total deposits of the banks which
they need to park with rbi.
repo rate is the rate at which rbi injects money into the
economic system.
reverse repo rate at which the rbi withdraws money from
the economic system.kindly note that repo stands for re
purchase offer. this is happens through the purchase and
sell of securities respectively in the case of repo and
reverse repo respectively.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / sandeep dhingra
crr is the cash reserve ratio where commercial banks need to
deposit a part their aggregate deposits with the central
banks namely RBI,they have to do it fortnightly and every
last Thursday on the fortnight basis,for crr and slr
maintainance baanks go into money market and take help of
intrumenst like call rate , repo and reverse repo to full
fill their obligation to maintain crr with rbi.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / navya
THE RATIO OF MONEY THAT ALL SCHEDULED BANKS HAS TO
DEPOSIT WITH RBI IS KNOWN AS CRR.
THE RATE OF INTEREST A BANK PAYS TO RBI FOR THE MONEY
TAKEN BY IT FOR ITS URGENT REQUIREMENTS OR FOR ITS
SHORTTERM PURPOSE.
THE RATE OF INTEREST RBI PAYS TO THE BANK IS CALLED
REVERSEREPORATE.
| Is This Answer Correct ? | 6 Yes | 4 No |
Answer / rajesh
CRR (CASH RESERVE RATIO): Every scheduled bank has to
maintain some money with the RBI.to control inflation and to
trust the people etc.
REPO RATE :Repo rate is a rate at which the RBI lends money
to the commercial banks.
REVERSE REPO RATE : Reverse repo rate is a rate at which
banks lend money to RBI.
| Is This Answer Correct ? | 2 Yes | 0 No |
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