MPC Current Affairs - 2020

RBI cuts Repo Rate

RBI today released its 4th bi – monthly policy review. The Reserve Bank of India cut repo rate by 25 base points to 5.15%. It is the lowest since 2010. This is the fifth consecutive rate cut of the Shaktikanta Das led panel. The RBI also cut GDP growth estimates to 6.1% from earlier 6.9% Read More…

RBI lowers Repo Rate

The six-member monetary policy committee (MPC) headed by RBI Governor Shaktikanta Das has lowered the repo rate by 25 basis points to 6.25 per cent in a 4-2 vote. Important decisions by the MPC The features of the decisions taken by MPC are: Together with lowering the repo rate by 25 basis points to 6.25 per Read More…

RBI keeps key rates unchanged in fifth bi-monthly monetary policy review

The Reserve bank of India (RBI) in its fifth bi-monthly monetary policy review for year 2016-17 has kept key rates unchanged. Decision in this regard was taken by RBI’s six-member Monetary Policy Committee (MPC) headed by Governor Urjit Patel. This decision was taken on the basis of an assessment of the current and evolving macroeconomic situation.  Read More…

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Union Government notifies constitution of Monetary Policy Committee

The Union Government has notified the constitution of the six members Monetary Policy Committee (MPC). In this regard, the Union Finance Minister has used powers designated under the section 45ZB of the Reserve Bank of India (RBI) Act, 1934 to constitute MPC. Composition of MPC Urjit Patel: RBI Governor (Chairperson). R Gandhi: Deputy Governor RBI Read More…