Question

what is legal reserve ratio​

Answer 1

$\huge\mathfrak\red{Answer}$

LRR (Legal Reserve Ratio) refers to that legal minimum fraction of deposits which the banks are mandate to keep as cash with themselves. ... Cash Reserve Ratio. Statutory Liquidity Ratio.

Answer 2

LRR (Legal Reserve Ratio) refers to that legal minimum fraction of deposits which the banks are mandate to keep as cash with themselves. The LRR is fixed by the Central Bank.