Bi-monthly monetary policy Current Affairs, GK & News

RBI conducts one-year and three-year tenor LTRO to reduce banks’ lending rates

The Reserve Bank of India is conducting one-year and three-year tenor LTRO to help banks to reduce their lending rates. In the latest bi-monthly policy review, it announced term repurchase agreements (repos) of one-year and three-year tenors for Rs 1 trillion at the policy repo rate. RBI has conducted three LTRO- Long-term repo operation on February ..

Topics: 

RBI Monetary Policy – Repo rate remains 5.15%

The Reserve Bank of India (RBI) recently conducted its sixth bi-monthly Monetary policy committee (MPC) meeting and released the statement. The repo rate was left unchanged at 5.15%, as a unanimous decision taken by the MPC members. The central bank also announced that it had no plans to monetize the government’s fiscal deficit, which means ..

Topics: 

World Bank lowers India’s FY 2019-20 Growth Estimate to 5%

On Wednesday, 8th January 2020, the Washington D.C based international financial institution, World Bank has lowered India’s growth rate to 5 percent for the Financial Year (FY) 2019-2020 from the earlier projected growth rate of 6 percent, following the projection of 5 percent growth rate by both the India’s central bank- the Reserve Bank of ..

Month: 

Topics: 

RBI introduces a New Type of Prepaid Payment Instrument (PPI)

The regulator of the entire banking system in India, the Reserve Bank of India (RBI) has introduced a new semi-closed type payment instrument system under the Prepaid Payment Instruments (PPIs). Earlier this month, on the 5th of December, the Reserve Bank of India has issued the fifth Bi-monthly monetary policy statement, in which the RBI ..

Topics: 

RBI fifth bi-monthly Monetary Policy released

The Reserve Bank of India on December 5, 2019, released its fifth bi-monthly monetary policy statement for the year 2019-20. Highlights According to the policy, the repo rate was unchanged at 5.15%. Last time, it was cut by 135 basis points to a 9-year low. Accordingly, the reverse repo rate stood at 4.9% and the ..

Month: 

Category: 

Topics: 

1 / 212