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“MPC FRAMEWORK AND FUNCTIONING UNDER RBI ACT, 1934”

Syllabus: GS-3- Indian economy , RBI and the functioning of RBI Focus : The RBI’s Monetary Policy Committee (MPC) has chosen to maintain the benchmark policy repo rate at 6.5%. This decision marks the seventh consecutive meeting where the rate remains unchanged. Source- RBI RBI’s Monetary Policy Decision: The above decision was supported by food …