RBI’s Monetary Policy Committee (MPC) had decided to increase the repo rate by how much basis points?
Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation. The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least 4 times a year and it publishes its decisions after each such meeting. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted unanimously to increase the repo rate by 50 basis points to 4.90% in a bid to slow inflation. The Standing Deposit Facility and Marginal Standing Facility rates raised by 50 basis points. The standing deposit facility (SDF) rate and marginal standing facility rate (MSFR) stood at 4.65 per cent and 5.15% respectively. GDP growth forecast for FY23 retained at 7.2%. Output was projected to expand by 16.2% in Q1, by 6.2% in Q2, 4.1% in Q3 and rise 4.0% in Q4. CPI inflation forecast for FY23 raised to 6.7 percent from 5.7%.
Which Indian state is associated with the folk dance known as "Mukhota Dance"?
Idukki dam was often in the news, is built on which of the following rivers?
Which two countries have agreed to work on taking the defence relationship to the next level and make defence an important pillar of their bilateral rel...
How many agricultural growth centers have been started under Gramya-2 scheme?
Consider the following statements:
1. The Reserve Bank of India manages and services Government of India Securities but not any State Governmen...
When is National Tribal Festival celebrated?
Which of the following elements is a noble gas?
Duncan Passage is a strait in the Bay of Bengal that divides Little Andaman from which of the following?
When is National Javelin Day celebrated annually?
Who is the author of In Unsealed Covers: A Decade of the Constitution, The Courts And The State?