Economy, asked by kkalpnaRawat, 4 months ago

what is LRR in economics

Answers

Answered by VidishaOjha

0

Answer:

I don't study economics

Answered by XxAarzooxX

3

Explanation:

LRR (Legal Reserve Ratio) refers to that legal minimum fraction of deposits which the banks are mandate to keep as cash with themselves. ... Both CRR and SLR are fixed by the Central Bank, and both are a legal binding for the Commercial Banks.

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