RBI hikes repo rate by 50 bps Flashcards
By how much point is Repo Rate increased?
50 basis points (bps)
the fourth rate-hike since May this year – to 5.90 per cent
the rate at which the RBI lends money to banks to meet their short-term funding needs is known as
Repo Rate
Who is the current governer ?
Shantikanta Das
The Monetary Policy Framework Agreement between the RBI and the government requires the central bank to keep inflation within the
4 per cent plus/minus 2 per cent band
The repo rate has reached to
5.9 percent from 5.4%
The MPC also lowered the growth projection of FY23 from
7.2% to 7%
By whom was RBI recommended?
Hilton young Commisiion
It was taken as as concept from which book?
The Problem of Rupee:Its Origin and Its solution by DR BR Ambedkar
When was RBI nationalised?
1949
Who controls RBI?
Central Board of Directors
* Governer
* 4 Deputy Governer
* 2 finance minister represenattive
* 4 Local direcotrs of Delhi , chenn. , mumbai , kolk.
Who controls RBI?
Central Board of Directors
* Governer
* 4 Deputy Governer
* 2 finance minister represenattive
* 4 Local direcotrs of Delhi , chenn. , mumbai , kolk.
When was RBI formed?
1st April , 1935 , Kolkata
Who is the director of RBI?
Dr. Rajiv Rajan
Who is the executive head of Central Board of Directors?
Governer
Shaktikanta Das
Who was the first governer?
Sir Osborne Smith
