Reserve Bank of India (RBI) on January 24, 2012 cut the Cash Reserve Ratio (CRR) by 50 basis point. The current CRR stands at what per cent?

Reserve Bank of India (RBI) on January 24, 2012 cut the Cash Reserve R

1.	Reserve Bank of India (RBI) on January 24, 2012 cut the Cash Reserve Ratio (CRR) by 50 basis point. The current CRR stands at what per cent?
A.	0.05
B.	0.055
C.	0.06
D.	0.065
Answer» C. 0.06