Daily Current Affairs · 2026-10-11
Economy
Medium · Monetary policy tools: CRR, repo rate and open market operations
Consider the following statements about the Reserve Bank of India's liquidity-tightening measures announced on 10 October 2026:
1. The RBI raised the minimum daily CRR maintenance requirement for banks from 90 percent to 99 percent, effective from the fortnight beginning 16 October 2026.
2. This followed the RBI's first policy repo rate increase in two and a half years, a 25 basis point hike to 5.50 percent.
3. The RBI announced an open market operation purchase of government securities worth Rs 25,000 crore to inject liquidity into the banking system.
How many of the above statements are correct?