Immediate Mobile Payment Service (IMPS) Subject – Economy Context – RBI hikes IMPS daily transaction limit to ₹5 lakh Concept – The Reserve Bank of India on Friday announced a proposal to increase the per-transaction limit for the Immediate Payment Service (IMPS) from ₹2 lakh to ₹5 lakh for channels other than SMS […]

    RBI turns to mopping up liquidity Subject – Economy Context – Monetary Policy Committee (MPC) decided to keep the repo rate unchanged and retain the accommodative policy stance. Concept – To know about Monetary Policy Committee, please click here. To know about Accommodative monetary policy, please click here. To know about Repo Rate, […]

    Spike In Crude Prices Subject – Economy Context – The recent spike in global crude oil prices above the $80-per-barrel mark led to a dip in key indices in the stock market as concerns rose over the impact on inflation, currency and input cost for companies across sectors. Concept – Reasons for rise […]