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%.
Fill in the blank with the most appropriate word.
I ______ an unopened letter lying on the mantelpiece.
Air India has partnered with which organization to develop Bengaluru as the aviation hub for South India?
We are not only afraid of being in the dark; we are also __________ of being kept in the dark.
Who are the main recipients of the housing scheme introduced in the Interim Budget of 2024?
(A) The people of his country had made / (B) him there king; but as soon as / (C) he had made good laws for / (D) them he gave up his crown.
You will find much of your power diminished, especially _________ those who used to bow to you.
Which Maharatna company has been honored with the Best Green Bond Corporate Award?
The number of people suffering from diseases of the respiratory system _____________ steadily rising.
A. India needs to work on this part to inspire and motivate young talents to take up basic sciences, thereby driving the country’s primary researc...
Which bank was merged with AU Small Finance Bank as per the Reserve Bank of India's directives effective from April 1, 2024?