The repo is the key policy rate at which the RBI lends to banks. The MPC revises this rate in order to send a signal to banks and also to bring down their cost of funds. In its latest meeting on August 7, four of the six members of the MPC voted to reduce the policy rate by 35bps. In an unusual move, the RBI’s internal members were more aggressive in supporting a higher rate cut, according to the minutes of the MPC released by the central bank on Wednesday.
from Times of India https://ift.tt/2ZlSvdA
Subscribe to:
Post Comments (Atom)
-
सिडनी: भारतीय संघातील अनुभवी अष्टपैलू खेळाडू () याला ऑस्ट्रेलियाविरुद्धच्या तिसऱ्या कसोटीत दुखापत झाली. त्यामुळे तो दुसऱ्या डावात गोलंदाज...
-
मुंबई: दुखापतीमुळे गेल्या काही महिन्यांपासून भारतीय संघातून बाहेर असलेला हार्दिक पांड्या पुनरागमानासाठी सज्ज झाला आहे. १२ मार्चपासून दक्ष...
No comments:
Post a Comment