{"id":86462,"date":"2020-02-07T16:41:19","date_gmt":"2020-02-07T11:11:19","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=13565"},"modified":"2020-02-07T16:41:19","modified_gmt":"2020-02-07T11:11:19","slug":"rbi-releases-bi-monthly-policy","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rbi-releases-bi-monthly-policy\/","title":{"rendered":"RBI releases bi-monthly policy"},"content":{"rendered":"\n<p><strong>News:<\/strong>The<strong> <\/strong>Reserve Bank of India released its bi-monthly monetary policy committee(MPC) report.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Key Highlights from the report:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Repo Rate:<\/strong>It is the rate at which the RBI lends money to the banks for a short term.It remains unchanged at 5.15%.<\/li><li><strong>Reverse Repo Rate:<\/strong>It is the short term borrowing rate at which RBI borrows money from banks.It also remained unchanged at 4.9%.<\/li><li><strong>Marginal Standing facility:<\/strong>It is a window for banks to borrow from the Reserve Bank of India in an emergency situation when interbank liquidity dries up completely.It has been kept at 5.4%.<\/li><li><strong>Growth:<\/strong>The GDP growth for the financial year 2020-21 is projected at 6%.<\/li><li><strong>Inflation:<\/strong>The estimation for the consumer price index-based inflation has been kept at 5.0-5.4% for the first half of 2020-21.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About Monetary Policy Committee(MPC):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Monetary Policy Committee(MPC) is a committee of the Reserve Bank of India.<\/li><li>The MPC is made up of six members with three nominated by the Union government and three representing the RBI.<\/li><li>The MPC is mandated by law to ensure that retail inflation stays within a band of two percentage points of the target inflation rate of 4%<\/li><\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News:The Reserve Bank of India released its bi-monthly monetary policy committee(MPC) report. Facts: Key Highlights from the report: Repo Rate:It is the rate at which the RBI lends money to the banks for a short term.It remains unchanged at 5.15%. Reverse Repo Rate:It is the short term borrowing rate at which RBI borrows money from&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rbi-releases-bi-monthly-policy\/\">Continue reading <span class=\"screen-reader-text\">RBI releases bi-monthly policy<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[395,394],"class_list":["post-86462","post","type-post","status-publish","format-standard","hentry","category-economy","tag-monetary-policy-committee","tag-rbi","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704928036},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86462"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86462\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}