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Murari Mohan's Posts
Rupee gets a new symbol
Thu Jul 15 02:33:31 2010    views: 404 | Comments: 0
India has finally got a symbol for the Rupee and joined a select club of countries whose currencies have an unique identity. The Union Cabinet on Thursday approved the design, which includes both the Devnagiri 'Ra' and the Roman capital 'R' and has two parallel lines running at the top. The parallel lines symbolise the equal to sign.... Read More
What is a CRR rate?
Fri Jun 25 03:58:14 2010    views: 313 | Comments: 1
Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks. Read More