RBI Seventh Bi-monthly Monetary Policy Statement:
Dear aspirants, Reserve Bank of India has released the notice regarding RBI Seventh Bi-monthly Monetary Policy Statement. In which some RBI policy rate are changed due to current situation of our country due to COVID -19. The MPC has decided to advance – Seventh Bi-monthly Monetary Policy Statement, meeting due on 3 April was decided for 24, 25, 27 March undertook careful evaluation. On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (March 27, 2020) decided to:
|Policy rate||Changes From||Changed To||Change in Basis points(bps)|
|Policy Repo Rate||5.15%||4.4 %||75 bps|
|Reverse Repo Rate||4.90%||4%||90 bps|
|Marginal Standing Facility Rate||5.40%||4.65||25 bps from Policy Repo Rate|
|Bank Rate||5.40%||4.65||25 bps from Policy Repo Rate|
For detailed information, aspirants try to follow RBI website – Click Here
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