Classic Jhumka Earrings Silver INR 113.00 Free Shipping Buy Now
Black Jhumka Earrings & Studs INR 94.00 Free Shipping Buy Now
Classic Jhumka Earrings Silver INR 207.00 Free Shipping Buy Now
Beautiful stud earing INR 93.00 Free Shipping Buy Now
Different Size Hoop and Stud Earrings Set INR 243.00 Free Shipping Buy Now
Golden Hoop Earing INR 70.00 Free Shipping Buy Now

Economy and Finance Current Affairs

  • 06-Jun-2019
  • 2nd Bi-Monthly Monetary Policy Statement Released: Repo Rate Reduced to 5.75%

    The 2nd Bi-Monthly monetary policy statement has been released. On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting decided to:

    1. Reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 5.75% from 6.00% with immediate effect.
    2. Consequently, the reverse repo rate under the LAF stands adjusted to 5.50%, and the marginal standing facility (MSF) rate and the Bank Rate to 6.0%. 
    3. GDP growth for 2019-20 is projected at 7.2%.

    GDP growth plunged to a five-year low of 5.8% in the January-March quarter due to lackluster growth in agriculture, manufacturing, construction, trade, hotels and power sectors. This, in turn, pulled down the FY19 GDP growth rate to a five-year low of 6.8%. The next meeting of the MPC is scheduled during August 5 to 7, 2019.

Subscribe Current Affairs
Current Affairs By Date
Current Affairs By Region