Answer Posted / 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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