Bi-monthly monetary policy Current Affairs, GK & News

RBI Monetary Policy Committee Announcements

Three-membered Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained an accommodative stance and kept the repo rate unchanged at 4 per cent, in order to revive & sustain growth and reduce the impact of Covid-19 pandemic. Key points Monetary Policy Committee has also ensured that inflation remains within the target. Reverse ..

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RBI Monetary Policy 2021

Reserve Bank of India (RBI) Unveiled its bi-monthly monetary policy and has kept the interest rates unchanged. Highlights Monetary policy opened a Rs 15,000-crore liquidity window for contact-intensive sectors such as hotels and tourism. On the liquidity front, it announced securities purchases of Rs 40,000 crore in June quarter while Rs 1.2 lakh crore in ..

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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 ..

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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 ..

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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 ..

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