Give some idea about RBI current policy and Reserve Rates?
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Answer Posted / Tejpal Sagar
The Reserve Bank of India (RBI) is the central banking authority in India. Its current policy focuses on maintaining price stability, ensuring financial stability, and promoting sustainable economic growth. The RBI sets various monetary policy tools such as Repo Rate, Reverse Repo Rate, and Cash Reserves Ratio to influence liquidity and control inflation. Reserve Rates refer to the minimum interest rates that commercial banks must pay to the RBI on their deposits.
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