Which of the following is a key RBI rate that influences borrowing costs for banks? Option: Inflation Rate, Cash Reserve Ratio (CRR), Repo Rate, Reverse Repo Rate

Which of the following is a key RBI rate that influences borrowing costs for banks?

What is the purpose of the Cash Reserve Ratio (CRR) mandated by the RBI?

What is the role of the Reserve Bank of India (RBI) in monetary policy?

What does an increase in the Cash Reserve Ratio (CRR) indicate for the economy?

What metric does RBI primarily use to assess a bank's profitability under the PCA framework?

What is the role of the Reserve Bank of India in managing fiscal deficit?