RBI Monetary Policy Committee (MPC) decided to hike the repo rate by how much basis points?
The RBI Monetary Policy Committee (MPC) decided to hike the repo rate by 50 basis points. In the current financial year, the RBI has raised the repo rate by 190 bps. RBI will remain focused on withdrawal of accommodation after this revision too.The rates after revision are as follows- Repo Rate 5.9 % Standing Deposit Facility (SDF) 5.65% Marginal Standing Facility Rate 6.15% Bank Rate 6.15% Fixed Reverse Repo Rate 3.35% CRR 4.50% SLR 18.00% The MPC panel also cut its gross domestic product (GDP) growth forecast for FY23 to 7% from 7.2%, with Q2 at 6.3%, Q3 at 4.6% and Q4 at 4.6%. The Reserve Bank retained its inflation projection for current fiscal year at 6.7 per cent amid global geopolitical developments triggered by the Russia-Ukraine war. For the September quarter of 2022-23, RBI projected retail inflation at 7.1 per cent. For third quarter, inflation is estimated at 6.5 percent and further down to 5.8 per cent in March quarter. For first quarter of next fiscal year, retail inflation is projected at 5 percent.
Commodity service method is another name for which of the following methods?
Which of the following situations will result after high growth?
Due to which of the following reasons increase in absolute and per capita real GNP do not connote a higher level of economic development?
Which of the following transaction is being ignored while calculating national income?
A shift of the supply curve of oil raises the price from $10 a barrel to $15 a barrel and reduces the quantity demanded from 40 million to 15 million ba...
If a 1 percent decrease in the price of a pound of squash results in a larger percentage decrease in the quantity supplied,
Coefficient of elasticity of demand is negative. It means:
“Higher the price of certain luxurious articles, higher will be the demand” This concept is called
Which of the following may lead to a shift in the demand curve?
As a result of an increase in consumer incomes, the demand for XYZ good has decreased. Based on this information, what can we definitely say about what ...