R.B.I. monetary policy

Category : Business and economics Published on: October 09 2023

Share on facebook

The Reserve Bank of India released the bi-monthly monetary policy in October, 2023.
There has been no adjustment in the repo rate in this monetary policy.
The repo rate remains unchanged at 6.50%.
The fixed deposit facility is kept at 6.25% and the marginal standing facility is kept at 6.75%.
According to RBI, the GDP growth rate for the year 2023-24 is estimated to be 6.5%.
R.B.I. Monetary policy is announced by the Monetary Policy Committee (MPC).
There are a total of 6 members in this committee.
The committee is chaired by the RBI Governor.

British Rule Drained India’s Wealth, Says New NCERT Class 8 Book.
Read More....
SBI to Raise ₹20,000 Crore via Basel III-Compliant Bonds in FY 2025–26.
Read More....
Israeli Airstrike Hits Syrian Military HQ Gate in Damascus.
Read More....
U.S. Scientists Create Most Precise Atomic Clock Using Quantum Logic.
Read More....
Praggnanandhaa Defeats Magnus Carlsen at Freestyle Chess Grand Slam.
Read More....
Cabinet Approves ₹Dhan-Dhaanya Krishi Yojana for 100 Districts.
Read More....
Andre Russell to Retire from International Cricket After T20I Series vs Australia.
Read More....
Deepika Wins Global Skill Award for Goal Against Netherlands.
Read More....
IAS Officer Sanjay Kaul Appointed CEO of GIFT City, Gujarat.
Read More....
UPI-PayNow Link Between India and Singapore Now Includes 19 Banks.
Read More....