Repo Rate Current Affairs, GK & News

Repo Rate  Current Affairs, GK & News

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 ..

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Liquidity Adjustment Facility

Recently, the Reserve Bank of India (RBI) has decided to extend liquidity adjustment facility (LAF) to Regional Rural Banks (RRB) to make liquidity management more efficient. The LAF was introduced in RBI in 1998 based on the recommendations of Narasimham Committee on Banking Sector Reforms. It is a monetary policy tool that enables banks to ..

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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 ..

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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 ..

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GoI appoints Monetary Policy Committee Members

On October 5, 2020, the Government of India appointed economists Jayant R Varma, Shashank Bhide and Ashima Goyal as members of Monetary Policy Committee (MPC). Their appointments were cleared by the Appointment Committee of the Cabinet chaired by PM Modi. The current MPC was set up by the GoI in 2016 following the finalisation of ..

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