As India’s central bank has dealt or tried to deal with financial and economic turmoil, acronyms and phrases unique to monetary policy and banking such as cash reserve ratio (CRR), market stabilization scheme (MSS), statutory liquidity ratio (SLR) and repo rate have repeatedly made the headlines.
What do all these measures signify for the larger economy, the banking industry and consumers? Will they work? Can they actually prompt banks to lend and stem an impending slowdown? And what do they mean?
Mint presents a rough and ready guide on four key monetary management measures and their implications:
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