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GS PAPER III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment.
Context: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) having taken stock of the evolving macroeconomic and financial conditions as well as the impact of the second wave of the pandemic voted unanimously to maintain status quo, keeping the policy repo rate unchanged at 4%.
Monetary policy
Monetary Policy Committee
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