Question

The CRR at present is ___________.​

Answer 1

Explanation:

Currently, the CRR is 4 per cent, though the range of permissible CRR is between 3 and 15 per cent. If the CRR is four, this means that the banks will have to keep Rs 4 with the RBI whenever bank deposits increase by Rs 100. Higher the CRR, lower the amount of money banks can lend out or invest