Macroeconomics, 2nd Edition by Pearson

398

MACROECONOMICS

ONLINE APPLICATION

1.

(a)

Go to the home page of the Reserve Bank of India

(URL: www.rbi.org.in/home.aspx).

(b) Click on the “Database” icon.

(c)

Then under the classification of Annual data, click on

“Handbook of Statistics on Indian Economy”.

2.

Click on “Table 46: Major Monetary Policy Measures—Bank

Rate, CRR &

SLR”. Create a spreadsheet of data on the CRR

for the period 1991 till currently.

3.

Table 46 gives data only up to 2004. The subsequent CRR

rates affected by the Reserve Bank of India are given in the

table below:

Cash Reserve Ratio

Rate

Effective Date

5.25

23.12.2006

5.50

06.01.2007