Hi,
I was about to ask this question “What is Repo rate and CRR and how does it effect common people?”
But then thought of finding on net about the same before I ask. Here is what I got and would like to share it with all:
http://blogs.reuters.com/india/2013/01/30/understanding-repo-rates-cash-reserve-ratios-and-the-reserve-bank-of-india/
If someone feels that there is more to be added to make common people understand the concept, please add on.
Thanks.