Has RBI Repo Rate Hike Made Us Prioritize Wants Over Needs?
While glancing through the newspaper on a regular Tuesday morning, we stumbled upon a survey highlighting the data on peoples’ purchasing desires. Even though this segment was aimed at making brands aware of the consumers’ festive season wish list, what drew our attention was that 44% of people expressed their desire to buy clothes and jewellery. Nothing absurd about it, right? ...
RBI Monetary Policy
The Monetary Policy Committee is entrusted with the responsibility of deciding the different policy rates including MSF, Repo Rate, Reverse Repo Rate, and Liquidity Adjustment Facility. Monetary Policy Committee (MPC) has six members and the main objective of this body is to maintain price stability and boost up the growth rate of the country’s economy.The MPC also maintained an accommodative...
