The rupee breached the psychological barrier of 77 to a dollar on Monday to hit a lifetime low of 77.46 amid the greenback strengthening against major global currencies on the back of a hawkish stance by the US Federal Reserve. A Business Standard survey showed most respondents see the Indian unit under pressure in the near term and breaching 78
Definition: Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation. Description: In the event of inflation, central banks increase repo rate as this acts as
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UPSC Syllabus for GS Paper (Prelims Paper I) Current events of national and international importance History of India and Indian National Movement Indian and World Geography-Physical, Social, Economic Geography of India and the World Indian Polity and Governance – Constitution, Political System, Panchayati Raj, Public Policy, Rights Issues, etc Economic and Social Development – Sustainable Development, Poverty, Inclusion, Demographics, Social