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 Das led panel. The RBI also cut GDP growth estimates to 6.1% from earlier 6.9% ..

Month: Current Affairs - October, 2019

Category: Economy & Banking Current Affairs

Topics: bi monthly policy review • Monetary Policy Committee • MPC • RBI • Repo Rate • Reserve Bank of India

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 lends to the banks of the country. Repo rate is one of the sources of ..

Category: Economy & Banking Current Affairs

Topics: Borrowing • Inflation • Lending • MPC • RBI • Repo Rate

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 MPC are: Together with lowering the repo rate by 25 basis points to 6.25 per ..

Month: Current Affairs - February, 2019

Topics: bulk deposits • Headline inflation • Monetary Policy Committee • MPC • RBI • Repo Rate

RBI keeps key rates unchanged in fifth bi-monthly monetary policy review

The Reserve bank of India (RBI) in its fifth bi-monthly monetary policy review for year 2016-17 has kept key rates unchanged. Decision in this regard was taken by RBI’s six-member Monetary Policy Committee (MPC) headed by Governor Urjit Patel. This decision was taken on the basis of an assessment of the current and evolving macroeconomic situation.  ..

Month: Current Affairs - December, 2016

Topics: Banking • Business • Economy • Growth • Inflation • MPC • National • Policy Rates • RBI • Urjit Patel

Union Government notifies constitution of Monetary Policy Committee

The Union Government has notified the constitution of the six members Monetary Policy Committee (MPC). In this regard, the Union Finance Minister has used powers designated under the section 45ZB of the Reserve Bank of India (RBI) Act, 1934 to constitute MPC. Composition of MPC Urjit Patel: RBI Governor (Chairperson). R Gandhi: Deputy Governor RBI ..

Month: Current Affairs - September, 2016

Topics: Banking • Monetary Policy • Monetary Policy Committee • MPC • National • Persons in News • RBI