monetary policy review RBI Flashcards
how many basis point hike
50 points
policy repo rate
The rate at which the central bank of a country lends money to commercial banks in the shortfall of funds
5.90%
standing deposit facility
5.15%
marginal standig facility rate
5.16%
bank rate
5.65%
rate charged by RBI for lending funds to commercial banks
cash reserve ratio
4.50%
statuatory liquidity ratio
18.00%
minimum percentage of deposits that a commercial bank has to maintain in the form of liquid cash,gold or other securities
projections for gdp growth for 2022-23
7.2%
nflation projection for 2022-23
6.7%
in 2018 which section of RBI act amended to empower the central babk to introduce SDF
section 17
idea of SDF(standing deposit facility)
urijit patel in 2014
main purpose of SDF
to reduce the excess
reverse repo rate is
3.35%
FAE(first advance estimates) released by
national statistical office
monetary policy committe
6 member