Page-2 of Bi-monthly monetary policy Current Affairs, GK & News
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: Bi-monthly monetary policy • fiscal deficit • Repo Rate • Reserve Bank of India
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: Current Affairs - January, 2020
Topics: 2020 Global Economic Prospects • 5th bi-monthly monetary policy • Bi-monthly monetary policy • Government of India • Ministry of Statistics and Programme Implementation • Reserve Bank of India • Washington D.C • World Bank
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: Bi-monthly monetary policy • Prepaid payment instrument • Reserve Bank of India
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: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: Bi-monthly monetary policy • Monetary Policy Committee • Monetary Policy review • RBI • RBI monetary policy • RBI Rates • Repo Rate • Reverse Repo Rate • target inflation
RBI Consumer Confidence Survey, 2019
According to RBI Consumer Confidence Survey, the consumer confidence dipped to a six-year low. The federal bank says that this is mainly due to decline in employment, income and discretionary spending. The CSI – Current Situation Index fell to 89.4 whereas it was recorded as 95.7 in July. Previously the index hit its low in ..
Month: Current Affairs - October, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: Bi-monthly monetary policy • Consumer Confidence Survey • Monthly Policy Review • RBI • RBI monetary policy • Repo Rate