Tag: Repo Rate

Current Economic Trends Repo Rate The Monetary Policy Committee (MPC) has kept the repo rate unchanged at 50 per cent for the ninth consecutive time. The committee has also decided to maintain the monetary policy stance of ‘withdrawal of accommodation’. About MPC Constituted under Section 45ZB of the amended RBI Act, 1934. First MPC - September 29, Quorum – 4 members Members – 6 (3 – RBI, 3 – Central Government) Chairperson - Governor of the Reserve Bank of India (Shaktikanta Das) Note The interest rate that the RBI charges when commercial banks borrow money from it is called the repo

Current Economic Trends Repo Rate ▪ The Monetary Policy Committee (MPC) has kept the repo rate unchanged at 6.5 per cent for the eight consecutive time. ▪ The committee has also decided to maintain the monetary policy stance of ‘withdrawal of accommodation’. About MPC ▪ Constituted under Section 45ZB of the amended RBI Act, 1934. ▪ First MPC - September 29, 2016. Quorum – 4 members ▪ Members – 6 (3 – RBI, 3 – Central Government) ▪ Chairperson - Governor of the Reserve Bank of India (Shaktikanta Das) Note ▪ The interest rate that the RBI charges when commercial banks borrow money from it is called the repo rate