explain Legal Reserve Ratio....
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i m in 12th
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legal reserve ratio [LRR] refers to that legal minimum fraction of deposits which the bank and mandate to keep as cash with themseves. the LRR is fixed in india by the reseve bank of india.
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legal reserve ratio [LRR] refers to that legal minimum fraction of deposits which the bank and mandate to keep as cash with themseves. the LRR is fixed in india by the reseve bank of india.
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