Question
What is the purpose of the Standing Deposit Facility
(SDF) introduced by the RBI in April 2022?Solution
The Monetary Policy Committee (MPC) maintained a status quo on the policy repo rate between May 2020 and February 2022 after implementing a 115 basis points (bps) reduction between March 2020 and May 2020. Retail inflation has crossed the upper limit of RBI’s tolerance band since January 2022. Sensing a serious risk to price stability, RBI initiated the monetary tightening cycle. In its April 2022 meeting, the committee introduced the Standing Deposit Facility (SDF), which allowed for the deposit of excess funds by banks with the RBI without the necessity of collateral in the form of government securities, thereby allowing effective liquidity management in a collateral-free manner. The SDF, introduced at a rate of 3.75 per cent, replaced the reverse repo rate as the new floor of the Liquidity Adjustment Facility (LAF) corridor. The MPC also indicated a change in stance from ‘Accommodative’ to ‘Accommodative and focused on the withdrawal of accommodation, while supporting growth’ in this meeting, signalling the start of the monetary tightening cycle.
If all the prime digits of the number '576893482' are removed from the number, then what is the sum of the remaining digits?
How many such pair(s) of letters are in the word “CONFIDENTIAL” which has as many letters between them (both forward and backward) as in the English...
The positions of the first and the fourth letters of the word FOLDER are interchanged; similarly, the positions of the second and fifth letters and thir...
Five words are given in the options and taking four letters of each of the words as specified, different words can be obtained and one of them is not an...
. Each even digit in the number 723689 is replaced by the next higher digit and each odd digit is replaced by the previous lower digit and the digits ob...
In the word ‘INTELLIGENCE’, the first letter goes to 12th position and 12th goes to 1st, the second goes to 11...
- If the word 'PHOTOGRAPHY' is arranged in alphabetical order from the right end, then which of the following letter will be fifth letter to the right of the...
If first and third letters of each word are interchanged within the word, then how many words will form a meaningful word after the rearrangement?
If all the digits of the number 36722747328 are arranged in descending order from the left end, then which digit is third to the left of fourth digit f...
If in the number '647315368', 1 added to all the odd numbers, then what is the sum of the digits which are repeating more than two times in the new numb...
Relevant for Exams:
