Current Affair!!RBI sets WMA Limit for Government.The Reserve Bank of India has decided that the limits for Ways and Means Advances (WMA) for the first half of the financial year 2019-20 will be Rs 75000 crore.The interest rate on WMA will be Repo Rate and overdraft will be 2% above the Repo Rate. RBI may trigger fresh flotation of market loans when the Government of India utilizes 75% of the WMA limit. - Study24x7
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Priya Sharma
09 Apr 2019 11:25 AM study24x7 study24x7

Current Affair!!

RBI sets WMA Limit for Government.
The Reserve Bank of India has decided that the limits for Ways and Means Advances (WMA) for the first half of the financial year 2019-20 will be Rs 75000 crore.
The interest rate on WMA will be Repo Rate and overdra...

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