RBI Monetary Policy Committee Current Affairs, GK & News
At the end of the recently held Monetary Policy Committee’s Meeting, RBI Governor announced that UPI’s capacity will be enhanced through the introduction of single block and multiple debits functionality, enabling the users to block funds in their accounts to be used when in need. He also announced the expansion of the scope of BBPS ..
Topics: BBPS • Bharat Bill Payment System (BBPS) • BHIM UPI • Monetary Policy Committee • Monetary Policy Committee (MPC) • RBI Monetary Policy Committee • Reserve Bank of India • Reserve Bank of India (RBI) • Unified Payment Interface
Three-membered Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained an accommodative stance and kept the repo rate unchanged at 4 per cent, in order to revive & sustain growth and reduce the impact of Covid-19 pandemic. Key points Monetary Policy Committee has also ensured that inflation remains within the target. Reverse ..
Category: Economy & Banking Current Affairs - 2022