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Definition | : | Monetary Policy Committee |
Category | : | Business » Banking |
Country/ Region |
: | India
|
Popularity | : |
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Monetary Policy Committee (MPC) is a committee constituted by the Central Government and led by the Governor of the Reserve Bank of India (RBI).
MPC is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to contain inflation within the specified target level.
The full form of MPC is Monetary Policy Committee
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