RBI Monetary Policy Live updates
• The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has announced its policy decision. The second bi-monthly monetary policy meeting of FY24 was held from June 6 to 8, and the results will be revealed on June 8.
• Th rupee remained stable since January this year and India’s foreign exchange reserves stood at $595.1 billion as on June 2.
• RBI projects consumer price index inflation for FY24 at 5.1%.
• Real GDP growth FY24 projected at 6.5%.
• Monetary Policy Committee decides to keep repo rate unchanged at 6.5%, Standing Deposit Facility Rate remains at 6.25%.
| Article and Schedule Quiz | Start Test! |
• Marginal Standing Facility Rate and Bank Rate unchanged at 6.75%.
• To providing greater flexibility for managing the money market borrowings, it has been decided that Scheduled Commercial Banks (excluding Small Finance Banks) can set their own limits for borrowing in Call and Notice Money Markets within the prudential limits for inter-bank liabilities prescribed by the Reserve Bank of India.
• RBI has proposed to expand the scope and reach of e-RUPI vouchers by permitting non-bank Prepaid Payment Instrument (PPI) issuers to issue e-RUPI vouchers and enabling issuance of e-RUPI vouchers on behalf of individuals.
• In order to broaden payment choices for Indians going abroad, the RBI has agreed to allow banks in India to issue RuPay Prepaid Forex cards for usage at ATMs, PoS machines, and online retailers worldwide. Further, RuPay Debit, Credit, and Prepaid Cards will be enabled for issuance in foreign jurisdictions, which can be used internationally, including in India.
| Missiles Mock Test | Start Test! |
| SSC MTS Mock Test | Start Test |
| IBPS CLERK MOCK TEST | Start Test |
| SSC MTS 2022 JULY 26 Shift 1 (ENGLISH) | Start Test! |
| SSC GD Previous Year Paper 2021 Nov 17 Shift - I (Hindi) | Start Test! |
| SSC CGL Tier - 1 PYP 2022 April 21 Shift- 1 (ENGLISH) | Start Test! |
| MPSC PAPER I MOCK TEST 1 (ENGLISH) | Start Test! |
| IB Security Assistant Mock test 1 (english) | Start Test! |
| UP POLICE CONSTABLE MOCK TEST 1 | Start Test! |
| DELHI POLICE CONSTABLE MOCK TEST 1 (HINDI) | Start Test! |
