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.
Select the option that is related to the third number in the same way as the second number is related to the first number.
25:16::41:?
Under which scheme shall the Landholder Farmer families with total cultivable holding up to 2 hectares be provide
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Consider the following statements about BIMSTEC and its recent developments:
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