RBI Monetary Policy Rates
The Central Bank i.e. Reserve Bank of India (RBI) has formulated the monetary policy which is related to the monetary matters of the country. Monetary Policy plays a key role in the economic growth of the country.
The Monetary policy also oversees the distribution of credit among users as well as the borrowing and lending rates of interest.
The Reserve Bank of India has reduced the repo rate from 5.40 % to 5.15 %.
The reverse repo rate is reduced from 5.15 % to 4.90 %.
The Central Bank has also reduced the Marginal Standing Facility rate to 5.40 %.
The new Bank Rate is 5.40%.
The Statutory Liquidity Ratio is 18.75%
Reserve Bank of India will publish the Digital Payments Index
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