The Reserve Bank of India (RBI) has reduced the key policy rate or the repo rate by 25 Basis Points (bps) to 6% in its third monetary policy review on Wednesday, as retail inflation softened. This is the second rate cut by the Monetary Policy Committee (MPC) since its inception in[Read More…]
Tag: Monetary Policy
Urjit Patel is new RBI governor: 6 things to know about him
Ending the speculation, as who will be the successor of Raghuram Rajan the government has finally announced that Urjit Patel will take over as the 24th Governor of the Reserve Bank of India. Patel was serving as the deputy governor incharge of the monetary policy department. Here is brief profile[Read More…]