Repo Rate Cut To 4% RBI Update On COVID 19 – Free PDF Download

Here’s a list of the current MPC members:

• -ShaktikantaDas, RBI Governor
• -Michael Patra, RBI Deputy Governor
• -JanakRaj, Executive Director, RBI
• -Dr Chetan Ghate, Professor, Indian Statistical Institute
• -Dr PamiDua, Director, Delhi School of Economics
• -Dr Ravindra H. Dholakia, former Professor, IIM Ahmedabad

MPC voted 5:1 in favourof a rate cut.

• RBI slashed the benchmark lending rate by 40 basis points.
• Following the reduction, the repo rate has come down to 4%and the reverse repo rate has been cut to 3.35%

INFLATION

• Inflation outlook is highly uncertain due to the outbreak of the COVID-19 pandemic and expressed concern over elevated prices of pulses.
• He also said there is a need to review import duties to moderate prices.
• Headline inflation may remain firm in the first half of the year and may ease in second half.

World trade:

• RBI Governor Shaktikanta Das said that the volume of global trade could shrink by
• 13-32% this year.

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