What’s in the news? RBI has decided to discontinue Incremental Cash Reserve Ratio (I-CRR) which was put in place to absorb surplus liquidity following the withdrawal of 2,000 rupees currency notes, in a phased manner. The I-CRR was introduced on …
About the Scheme Sovereign Gold Bonds (SGBs) are bonds that are issued by the RBI on behalf of the Government on payment of rupees but denominated in grams of gold. The value of these bonds is tied to the value …