Reduction in Interest Rates Current Affairs, GK & News
The Reserve Bank of India (RBI) in its monetary policy review undertaken by the Monetary Policy Committee (MPC) has made the following decisions: RBI cuts repo rate to 5.4% from the current 5.75%. Reverse repo rate under liquidity adjustment facility stands revised to 5.15%. Marginal standing facility (MSF) rate and the bank rate reduced to 6%. ..
Topics: Bank of England • Bank rate • Economy • Finance • Finance in India • Inflation • Interest Rates • Liquidity adjustment facility • Monetary Policy • Monetary Policy Commitee • Monetary Policy Committee • Monetary Policy review • Money • Reduction in Interest Rates • Reserve Bank of India