Monetary Policy Subject: Economy Context The RBI is supposed to be accountable, but it can’t win the inflation battle without the government given the Food and beverage items have a combined 45.86% weight in the overall CPI. Details: Under section 45ZA of the RBI Act, 1934, MPC has fixed the CPI inflation target […]

    MONETARY POLICY TOPIC: Economy  Context-The Reserve Bank of India (RBI) is expected to start on a gradual normalisation of the reverse repo rate, hiking it by about 25 basis points in the upcoming Monetary Policy Review. Concept- Repo and Reverse Repo Rate: Repo rate is the rate at which the central bank of […]