explain new policies introduced by RBI in 2023.
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explain new policies introduced by RBI in 2023.
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Answer:
RBI Monetary Policy October 2023: The six-member committee has unanimously decided to keep the rates unchanged for the fourth consecutive time. He highlighted that the committee has identified high inflation rates as the major risk for the economy.
Explanation:
RBI MPC meeting October 2023, RBI Monetary policy repo rate: As widely expected, the six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) unanimously decided to keep the repo rate—the key interest rate at which the RBI lends money to commercial banks—unchanged at 6.5 per cent i