Monetary Policy Committee Current Affairs - 2020

India’s Retail inflation dips marginally from 6.73% of July to 6.69% in August: Important facts

The data released by the government showed a slight downfall of CPI-based Retail inflation in India from 6.73% of July to 6.69% in August. Food inflation in August also degraded marginally to 9.05% from the previous 9.62%. What is retail inflation? Retail inflation is the increase in the price of goods which is sold at Read More…

RBI Monetary Policy: Bank keeps repo rate unchanged

On August 6, 2020, the six-member Monetary Policy Committee (MPC) of Reserve Bank of India held its meeting in New Delhi. The committee was headed by RBI Governor Shaktikanta Das. Highlights During the meet, the following key decisions were taken The repo rate was kept the same at 4% The reverse repo rate was kept Read More…

Monetary Policy Committee meets: Repo rate reduces to 4%

On May 22, 2020, the policy committee met in an emergency meeting to review the current economic outlook and impacts of COVID-19. Highlights The RBI has reduced the repo rate from 4.4% to 4%. It has reduced the reverse repo rate to 3.35%. The RBI also announced that the reduction in policy rate is to Read More…

RBI releases bi-monthly policy: Repo rate unchanged

On February 6, 2020, the Reserve Bank of India released its bi-monthly monetary policy. The apex bank has kept the policy repo rate unchanged. It remains at 5.15%. Observations of the Committee The Monetary Policy Committee that meets once in two months under the chairmanship of its Governor has made the following observations The inflation Read More…

RBI fifth bi-monthly Monetary Policy released

The Reserve Bank of India on December 5, 2019, released its fifth bi-monthly monetary policy statement for the year 2019-20. Highlights According to the policy, the repo rate was unchanged at 5.15%. Last time, it was cut by 135 basis points to a 9-year low. Accordingly, the reverse repo rate stood at 4.9% and the Read More…