RBI cut repo rate by
1. 0.10%
2. 0.50%
3. 0.25%
4. 1.00%
Ans. 0.25%
More.
Repo Rate: rate at which the commercial banks borrows money from Reserve Bank of India
Reverse Repo rate is the rate at which the RBI borrows money from commercial banks, this rate is also reduced in relation to repo rate to 6.75 %
Cash reserve ratio (CRR) : unchanged at 4.0 %
CRR is certain percentage of Deposits each bank has to keep with RBI (Reserve Bank of India)
Reserve Bank of India Headquarters> Shahid Bhagat Singh Marg, Mumbai, Maharashtra
1. 0.10%
2. 0.50%
3. 0.25%
4. 1.00%
Ans. 0.25%
More.
Repo Rate: rate at which the commercial banks borrows money from Reserve Bank of India
Reverse Repo rate is the rate at which the RBI borrows money from commercial banks, this rate is also reduced in relation to repo rate to 6.75 %
Cash reserve ratio (CRR) : unchanged at 4.0 %
CRR is certain percentage of Deposits each bank has to keep with RBI (Reserve Bank of India)
Reserve Bank of India Headquarters> Shahid Bhagat Singh Marg, Mumbai, Maharashtra
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