Daily Current Affairs 2024, Date wise Current Affairs | Current Affairs in English and Hindi

Get the Daily and Latest Current Affairs 2024 on our website. These current affairs are Updated by our specialists and are relevant for all competitive tests UPSC, SSC, IAS, Railway-RRB, UPPSC, and Other State Government and Central Jobs/Exams.

RBI keeps the repo rate unchanged at 4% for the ninth time

Category : Business and economics
Published on: December 08 2021 Share on facebook

  • The Reserve Bank of India maintained its benchmark repo rate of 4% and the reverse repo rate of 3.35%.
  • The central bank has kept the status quo for the ninth time in a row.
  • The repo rate is the interest rate at which the central bank lends to its customers in exchange for government securities.
  • In contrast, the reverse repo rate allows banks to deposit funds with the central bank and earn interest on them.
  • The central bank also maintained its 9.5 percent growth forecast for the fiscal year 2021-'22.

Important takeaways

About RBI

  • Governor: Shaktikanta Das
  • Headquarters: Mumbai
  • Founded: 1 April 1935
  • Nationalization of Reserve Bank of India (RBI): 1949
  • First Headquarters of Reserve Bank of India (RBI): Kolkata
  • Headquarters of Reserve Bank of India (RBI) moved to Mumbai: 1937
  • First Governor of RBI:  Sir Osborne Smith
Recent Post's

2024 © and Powered By Graposs Edutech Private Limited

Terms & Condition Privacy Policy Disclaimer