📝 One-liners · 65 cards
5 Day 100 Ques 100 Concepts
What is the difference between a Direct Quote and an Indirect Quote in foreign exchange?
A Direct Quote expresses the home currency per unit of foreign currency (e.g., Rs/USD), while an Indirect Quote expresses foreign currency per unit of home currency (USD/Rs).
What is the CRR applicable to scheduled commercial banks as on 31 May 2026?
CRR is 3.00% maintained on fortnightly average basis.
What is a Spot Rate in foreign exchange markets?
A Spot Rate is the exchange rate for immediate delivery of currency, typically settled on a T+2 basis.
What is the SLR applicable to scheduled commercial banks as on 31 May 2026?
SLR is 18.00% maintained on a daily basis.
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