Question

As of October 2024, the cash reserve ratio (CRR) in India is _____?

• A. 4.5 %
• B. 6.5 %
• C. 10 %
• D. 7.8 %

Answer 1

Answer:

A. 4.5 %

Read Explanation:

The cash reserve ratio (CRR) in India as of October 2024 is 4.5% The Monetary Policy Committee (MPC) has decided to cut the cash reserve ratio (CRR) by 50 basis points (bps) to 4% from 4.5% while leaving the repo rate unchanged at 6.5%. This comes at a time when India's retail inflation surged to 6.2% in October 2024, breaching the RBI's tolerance limit

Open explanation in App