Tag: UPSC mains answer writing
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MPC Explained in 7 Simple Points — A Must-Know Win for UPSC & Banking Aspirants
Source – THE HINDU NEWSPAPER Six people, a room in Mumbai, one number — the repo rate. Whatever they decide ripples straight into your EMI. That’s the Monetary Policy Committee (MPC) in one line. Why It Exists Pre-2016: the RBI Governor alone decided interest rates (after informal consultation). Opaque, and too much power in one…