{"id":86498,"date":"2020-03-28T11:33:08","date_gmt":"2020-03-28T06:03:08","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=14616"},"modified":"2020-03-28T11:33:08","modified_gmt":"2020-03-28T06:03:08","slug":"rbis-monetary-policy-statement","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rbis-monetary-policy-statement\/","title":{"rendered":"RBI&#8217;s monetary Policy statement"},"content":{"rendered":"\n<p><strong>News:<\/strong>Reserve Bank of India\u2019s Monetary Policy Committee(MPC) has come out with its own measures to help deal with economic fall out of COVID-19 pandemic.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>RBI\u2019s Measures<\/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 has been cut by 75 basis points (bps) from 5.15% to 4.40%.<\/li><li><strong>Reverse Repo Rate:<\/strong>It is the short term borrowing rate at which RBI borrows money from banks.It has been cut by 90 bps to 4%.<\/li><li><strong>Moratorium on Repayments of Loans: <\/strong>RBI has allowed banks to defer payment of Equated Monthly Installments (EMIs) on home, car, personal loans as well as credit card dues for three months.<\/li><li><strong>Cash Reserve Ratio(CRR):<\/strong>It<strong> <\/strong>refers to a certain percentage of total deposits the commercial banks are required to maintain in the form of cash reserves with the central bank.It has been cut to 3% from 4%.<\/li><\/ul>\n\n\n\n<p><strong>Additional Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Monetary Policy Committee(MPC):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>It is a committee of the Reserve Bank of India which consists of six members with three nominated by the Union government and three representing the RBI.<\/li><li>It 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","protected":false},"excerpt":{"rendered":"<p>News:Reserve Bank of India\u2019s Monetary Policy Committee(MPC) has come out with its own measures to help deal with economic fall out of COVID-19 pandemic. Facts: RBI\u2019s Measures Repo Rate:It is the rate at which the RBI lends money to the banks for a short term.It has been cut by 75 basis points (bps) from 5.15%&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rbis-monetary-policy-statement\/\">Continue reading <span class=\"screen-reader-text\">RBI&#8217;s monetary Policy statement<\/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":[3572,394],"class_list":["post-86498","post","type-post","status-publish","format-standard","hentry","category-economy","tag-monetary-policy","tag-rbi","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700788394,"cached_date":1704880756},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86498","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=86498"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86498\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}