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Statutory-liquidity-ratio-(SLR)
Finance, RBI, SLR

RBI uses many monetary policies for controlling and stabilizing the economy and one among them is SLR. The primary goal of the RBI is to make sure that prices of commodities are maintained at an optimum level and to administer the supply and demand of money flow into the economy. It uses instruments like credit ceiling, statutory liquidity ratio, cash reserve ratio, bank rate policy, open market operations, credit authorization scheme, repo rate, reverse repo rate, moral suasion, etc. Each of these instruments plays a significant role in operating theSEE DETAILS

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IFSC-codes-in-India
RBI

Whenever we open a bank account, you are provided with an IFSC code. And whenever we have to provide our bank details to someone, it is important that IFSC code is provided as well. But have you ever wondered what IFSC code is all about? And why is it so important in all bank details and transactions? If you are wondering about the same, then delay not. Our blog on IFSC code will answer all your questions. What is an IFSC code? IFSC code is an abbreviation for Indian FinancialSEE DETAILS

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Repo-Rate-Vs-Reverse-Repo-Rate
RBI

What is Repo Rate? Repo rate is the interest rate at which commercial banks borrow money from the Reserve Bank of India during shortfall of funds. it is yet another tool of the central bank to control inflation. During inflation, the repo rate is increased by RBI to discourage commercial banks from borrowing money. As a result, the money supply reduces in the economy and thus helps in controlling inflation. Similarly, RBI reduces the repo rate in the time of recession. The term ‘Repo’ stands for ‘repurchase agreement.’ It isSEE DETAILS

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