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Question
Which is the single policy rate which was recently recommended by RBI to be made the single policy rate to signal the monetary policy stance of RBI
Which is the single policy rate which was recently recommended by RBI to be made the single policy rate to signal the monetary policy stance of RBI
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Solution
The correct option is D Repo
Reserve Bank of India working group has proposed that the Repo Rate-the rate at which banks borrow money from the RBI be made the single policy rate to signal the monetary policy stance and effectively deal with inflation without hurting growth.
Reserve Bank of India working group has proposed that the Repo Rate-the rate at which banks borrow money from the RBI be made the single policy rate to signal the monetary policy stance and effectively deal with inflation without hurting growth.
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