unlimited is controlled mainly by amount of money RBI wants to be there in market. gold standard is gone. money is printed by taking in account of supply and inflation.
RBI
Banks may not have all the money they need for their day to day operations. In such cases where they have a deficit, they borrow money from RBI. For example, during festival seasons bank customers may withdraw more money than usual. So, at such times they may borrow extra money from RBI to meet their sudden withdrawal demands.
to keep liquidity in financial markets
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
explain in detail rbi's measures of money supply
who control money
RBI
Banks may not have all the money they need for their day to day operations. In such cases where they have a deficit, they borrow money from RBI. For example, during festival seasons bank customers may withdraw more money than usual. So, at such times they may borrow extra money from RBI to meet their sudden withdrawal demands.
i want to open a money exchange shop in delhi so to get licence for it from RBI i need permission so what do i require to get this
Apply to RBI?
Reserve bank of India
RBI
control of supply and demand of the money.
Repo rate is the rate at which RBI lends money to scheduled banks. Its also called Repurchase rate. Reverse Repo Rate is the rate at which RBI borrows money from banks.
Hack Wilson
for 4 years