Question

explain the series of adjustment that bring economy to equilibrium.

Answer 1

The Reserve Bank of India has kept repo rate unchanged at 6.25% in its second bi-monthly monetary policy review. Reverse Repo rate has been kept unchanged at 6%. The RBI has cut the Statutory Liquidity Ratio (SLR) by 50 basis points to 20%. ... RBI has reduced the growth projection for the current fiscal to 7.3% from 7.4%.