Source: ET Context: The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points (bps) to 6.25%, marking the first rate cut in nearly five years. About Repo Rate: What is Repo Rate? The repo rate is the interest rate at which the RBI lends money to commercial banks for short-term needs. …
Source: TOI Context: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to begin its meeting in Mumbai, with expectations of a potential rate cut amid efforts to boost consumption-led demand post the Union Budget. About Monetary Policy Committee (MPC): What is MPC? The MPC is a statutory body established under the …
UPSC CURRENT AFFAIRS – 9 August 2024 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles InstaLinks : Insta Links help you think beyond the current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. These …
Syllabus: Indian Economy Source: TH Context: The Reserve Bank of India (RBI) has refrained from cutting the repo rate despite stable inflation rates. The repo rate, which influences loan EMIs, has remained unchanged since February 2023. RBI Monetary Policy Meeting Summary: Repo Rate: Held steady at 6.5% for the ninth consecutive time. Inflation Drivers: Core inflation is moderate, but …
GS Paper 3 Syllabus: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment Source: IE Context: Over the course of the next four days, the Monetary Policy Committee (MPC) of RBI will deliberate whether interest rates should be hiked further or not. Background: Since May last year, RBI has …
Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. 5. What is Repo Rate? What is the macroeconomic impact of raising the Repo Rate? Do you think hiking Repo rate by RBI in the current global economic scenario a good move? Examine. (250 words) Difficulty level: Moderate Reference: Financial …
