Marginal Standing Facility Rate Current Affairs, GK & News
Reserve Bank of India (RBI) in its third Bi-monthly Monetary Policy review for financial year 2019-20 has reduced its key policy rate (repo rate) by an unorthodox 35 basis points to 5.40%. This takes the benchmark lending rate to a nine-year low. It was overall fourth consecutive interest rate cut this year, bringing down repo ..
Category: Economy & Banking Current Affairs
Topics: Cash Reserve Ratio • Marginal Standing Facility Rate • Monetary Policy Committee • RBI Bi-monthly Monetary Policy Review • RBI Governor • Repo Rate • Reserve Bank of India • Reverse Repo Rate • Statutory liquidity ratio