The percentage of deposits which a bank must keep as cash reserves with RBI is known as what?
The percentage of deposits which a bank must keep as cash reserves with RBI is known as what?
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The percentage of deposits which a bank must keep as cash reserves with the Reserve Bank of India (RBI) is known as the Cash Reserve Ratio (CRR). It is a crucial monetary policy tool used by the RBI to control liquidity and manage inflation in the economy.