MPC
QR Code-based Coin Vending Machine
The machine was launched by the Reserve Bank of India. The apex bank finalized its decision of launching the machine during its recently held MPC meeting. The QR code is being introduced as fake currency notes are increasing in coin ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs - 2024
RBI Monetary Policy Committee Announcements – Update (May, 2022)
Recently, the Monetary Policy Committee (MPC) held an unscheduled meeting and made some important announcements. What are the announcements? The MPC unanimously decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points to ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs - 2024
US Fed Rate Hike – Impact on India
In the first hike since 2018, the US Federal Reserve increased the interest rates by 25 basis points. Reasons for US Fed Rate Hike In February, inflation in the United States reached 7.9%, which is the highest in 40 years. ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs - 2024
RBI cuts Repo Rate
RBI today released its 4th bi – monthly policy review. The Reserve Bank of India cut repo rate by 25 base points to 5.15%. It is the lowest since 2010. This is the fifth consecutive rate cut of the Shaktikanta ..
Month: Current Affairs - October, 2019
Monetary Policy tweaks by RBI
The Reserve Bank of India (RBI) reduced the interest rate by 35 basis point (0.35%). This is the fourth successive reduction in the repo rate. What is the repo rate? The repo rate is the rate at which the RBI ..
RBI lowers Repo Rate
The six-member monetary policy committee (MPC) headed by RBI Governor Shaktikanta Das has lowered the repo rate by 25 basis points to 6.25 per cent in a 4-2 vote. Important decisions by the MPC The features of the decisions taken by ..