A cash reserve ratio (or CRR) is the percentage of bank reserves to deposits and notes. The cash reserve ratio is also known as the cash asset ratio or liquidity ratio.
India's central bank ordered commercial banks to hold a larger share of deposits in cash, and raised a key short-term lending rate in a bid to curb high inflation that has stoked fears of overheating.
The reserve ratio is sometimes used as a tool in monetary policy, influencing the country's economy, borrowing, and interest rates . However, Central banks rarely alter the reserve requirements due to the fact that it would cause immediate liquidity problems for banks with low excess reserves.
What is ment by CRR in trading?"
present CRR = 5.25 % SLR = 25.0 % These rates are subjected to change quarterly
CRR means Cash Reserve Ratio.
there is no minimum limit of CRR in India but the maximum limit is 15%
the current CRR declare by RBI is 6%.2011
crr=6% slr=19%
The CRR rate is 3% to 15% fixed by RBI.
The present rate of CRR is 6% and SLR is 24%.Thank you.
Cash reserve ratio...This is stipulated % of deposits that the bank has to maintain in Cash with RBI.Current CRR =5.5%
the Repo rate, Reserve repo rate and CRR as of 03 January 2009 are as follows: Repo Rate: 5.6% CRR: 5% Reverse Repo rate: 4.1% Source: RBI
20% 20%
yes