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The First Bi-Monthly Monetary Policy Statement was released by;
  • a)
    HDFC Bank
  • b)
    SBI Bank
  • c)
    Dena bank
  • d)
    Reserve bank of India
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The First Bi-Monthly Monetary Policy Statement was released by;a)HDFC ...
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0%. Consequently, the Reverse Repo Rate (RRR) under the LAF remains at 5.75%, and the Marginal Standing Facility (MSF) rate and the Bank Rate at 6.25%. India's real gross domestic product (GDP) growth marginally upward to 6.6% from 6.5% in the first advance estimates. GDP growth in 2017-18 at 6.6 percent was lower than 7.1% in 2016-17. Retail inflation, measured by the year-on-year change in the CPI, fell from a high of 5.1% in January to 4.4% in February due to a decline in inflation in food and fuel. CPI inflation excluding food and fuel remained unchanged at 5.2% for the third consecutive month in February, after rising from its trough in June 2017.
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The First Bi-Monthly Monetary Policy Statement was released by;a)HDFC Bankb)SBI Bankc)Dena bankd)Reserve bank of IndiaCorrect answer is option 'D'. Can you explain this answer?
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