Current Affairs :- 2014
Reserve Bank of India (RBI) in its first Bi-monthly Monetary Policy statement 2014-15 announced on 1 April 2014, has kept the policy repo rate unchanged at 8.0%.
In the first bi-monthly monetary policy statement for 2014-15, the RBI Governor Raghuram Rajan decided to pause and not disturb status quo. The repo rate and the rate at which RBI lends money to banks remained at 8 per cent.
Other policy instruments such as cash reserve ratio also remain unchanged at 4%. The economic growth of country slipped to a decade-low of 4.5 per cent in 2012-13 and is estimated at 4.9 per cent in the current financial year 2013-14.
Reserve Bank of India (RBI) in its first Bi-monthly Monetary Policy statement 2014-15 announced on 1 April 2014, has kept the policy repo rate unchanged at 8.0%.
In the first bi-monthly monetary policy statement for 2014-15, the RBI Governor Raghuram Rajan decided to pause and not disturb status quo. The repo rate and the rate at which RBI lends money to banks remained at 8 per cent.
Other policy instruments such as cash reserve ratio also remain unchanged at 4%. The economic growth of country slipped to a decade-low of 4.5 per cent in 2012-13 and is estimated at 4.9 per cent in the current financial year 2013-14.
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