Master Stroke: RBI announces key regulatory policies

The Reserve Bank of India (RBI) on Wednesday announced its bi-monthly monetary policy statement, highlighting a hike in repo rate and reverse repo rate to 6.25 and 6 percent respectively.
Apart from this, several developmental and regulatory policies were announced by the Reserve Bank's six-member Monetary Policy Committee (MPC), catering to micro, small and medium enterprises (MSMEs), Urban Cooperative Banks (UCBs), and so on.

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