Monetary Policy Commitee Current Affairs, GK & News
RBI Monetary Policy Committee Meeting – Highlights
The MPC has lowered the GDP forecast and increased the repo rate by 50 basis points. Key Highlights The Reserve Bank of India (RBI) has increased the repo rate by 50 basis points to 5.90 per cent, which is a three-year high. This makes funding expensive for existing and new borrowers. For existing borrowers, all ..
Month: current affairs - september, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: Indian Economy • Monetary Policy • Monetary Policy Commitee • Monetary Policy Committee • Monetary Policy Committee (MPC) • Monetary policy of India • RBI monetary policy • Reserve Bank of India • Reserve Bank of India (RBI) • Trends in Indian Economy
RBI Monetary Policy
On April 7, 2021, the Monetary Policy Committee of Reserve Bank of India announced the outcome of its bi-monthly monetary policy review. Key Highlights The repo rate has been kept unchanged at 4%. The reverse repo rate has been kept at 3.35%. The real GDP growth for the Fiscal Year 2022 is predicted to be ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Consumer Price Index (CPI) • CPI • Current Repo Rate • Current Reverse Repo Rate • Government Securities • Monetary Policy Commitee • Monetary Policy review • Repo Rate • Reverse Repo Rate
What is Repo Rate?
Repo rate is the rate at which the central bank lends money to the commercial banks in case of fund crunch. It is a tool used by the monetary authorities to control inflation. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), during the 3-day meeting that began on December 2, has ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: Inflation • Monetary Policy • Monetary Policy Commitee • Repo Rate • Reserve Bank of India (RBI)
RBI Monetary Policy Committee Meeting: Key Highlights
The RBI recently held its Monetary Policy Committee meet. During the meet, the Reserve Bank of India has kept the repo rate unchanged at 4%. Repo rate is the rate at which RBI lends to banks. The Reverse Repo Rate is to continue at 3.35%. Key Highlights of the MPC meet The meeting concluded that ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: CPI • Economic growth • GDP • GDP growth • Monetary inflation • Monetary Policy • Monetary Policy Commitee • Repo Rate • Reverse Repo Rate • RTGS • V-shaped recovery
RBI Monetary Policy Committee meet
The newly formed Monetary Policy Committee held its meeting between October 7, 2020 and October 9, 2020. The Government of India recently appointed its members. They were economists Jayant R Varma, Shashank Bhide and Ashima Goyal. Also, the Government of India recently appointed Rajeshwar Rao as the Deputy Governor of RBI. Highlights The repo was ..
Month: Current Affairs - October, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: Monetary Policy Commitee • RBI • Repo Rate • Reverse Repo Rate
Rajeshwar Rao appointed the new Deputy Governor of RBI
On October 7, 2020, the Government of India appointed M Rajeshwar Rao as the new Deputy Governor of Reserve Bank of India. The post fell vacant in March 2020 when the previous Deputy Governor N R Vishwanathan resigned citing health issues before his term completed. His term completes in September 2020. Highlights The Deputy Governor ..
Month: Current Affairs - October, 2020
Category: Awards, Persons & Places in News • Persons in News
Topics: deputy governor • Governor of RBI • Monetary Policy Commitee • Persons in News • RBI Act 1934 • Reserve Bank of India