current affairs

Consider the following statements regarding RBI's first bi-monthly policy for the year 2016-17:

1. The RBI has cut key interest rates by 25 basis points.

2. The CRR has remained unchanged at 23%.

3. The rate at which RBI lends to the financial system has come down to 6.5 percent.

4. The rate at which banks can keep excess funds with the RBI was hiked to 6 percent.

Which of the above statements are correct?


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