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Question
What is ‘quarterly monetary policy review’ of the Reserve Bank of India?
Short Answer
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Solution
- The Reserve Bank of India (RBI) reviews its monetary policy every quarter and announces any changes in key policy rates such as the bank rate, repo rate, reverse repo rate, CRR (Cash Reserve Ratio), and SLR (Statutory Liquidity Ratio).
- Additionally, the RBI evaluates the overall performance of the Indian economy, including aspects like growth rates, inflation, balance of payments, and the flow of foreign investments.
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