NSEGUIDE Updates |  |
| Posted: 27 Jul 2010 07:46 PM PDT Markets likely to see a flat opening. Support for nifty is at 5420 and resistance at 5455. If markets show recovery later during the day, buy: Carborundum Universal Ltd. View Market hour calls ... Read More..
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| Meaning of CRR Rate, Repo Rate and Reverse Repo Rate Posted: 27 Jul 2010 02:48 AM PDT What is a CRR rate? 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... Read More..
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