Reserve Bank Of India's Monetary Policy CommitteeFOLLOW
Reserve bank of india's monetary policy committee, Latest News
The Reserve Bank of India is India's central bank and regulatory body under the jurisdiction of Ministry of Finance, Government of India. It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It also manages the country's main payment systems and works to promote its economic development.Until the Monetary Policy Committee was established in 2016, it also had full control monetary policy in India. It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid. Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949. Read More
The Reserve Bank of India (RBI) has announced a repo rate hike of 25 basis points taking the total interest rate to 6.5 per cent. The RBI's decision to raise the rate was driven by concerns about inflation. However, the developers feel that RBI shoul ...
