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)
"Can We Do More?": Man Urges Zomato CEO After Encounter With Delivery Boy
A Delhi man was "deeply shaken" after listening to a young Zomato delivery executive who delivered food to his doorstep late one n...
-
Chasing a modest 130, opener Jonny Bairstow smashed a 28-ball 48 to set the foundation for SunRisers Hyderabad. from NDTV Sports - Cricket...
-
North Korea fired two short-range missiles into the sea on Thursday, South Korea's Joint Chiefs of Staff said, after warnings from Pyong...
-
Italy's biggest bank Intesa Sanpaolo apologised on Sunday for an embarrassing security breach that reportedly targeted Prime Minister Gi...
No comments:
Post a Comment