03 March, 2020
3 Min Read
Syllabus subtopic: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment.
Prelims and Mains focus: about LTRO: features and significance
News: The Reserve Bank of India had received Rs.1.71 lakh crore in the third long-term repo operation (LTRO) conducted for an amount of Rs.25,000 crore. The central bank received 66 bids in the three-year tenor LTRO, which has reversal date on March 1, 2023.
What is long-term repo operation (LTRO)?
Why is it important?
Features of Long-Term Repo Operations (LTRO)
Source: The Hindu
Copyright© Aspire IAS Academy. All rights reserved. Powered by CLT Technologies & Edu-Publishers Private Limited.