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What is the repo rate in India,which is recently revised by RBI in 6th Bi-Monthly Monetary Policy?
- a)6.50%
- b)6.75%
- c)6.25%
- d)6.00%
- e)None of these
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
What is the repo rate in India,which is recently revised by RBI in 6th...
RBI had reduced 0.25 basis points in the Policy Rates with immediate effect.The Change in Policy rates are as follows:
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What is the repo rate in India,which is recently revised by RBI in 6th...
Understanding the Repo Rate in India
The repo rate is a crucial monetary policy tool used by the Reserve Bank of India (RBI) to regulate the economy. It is the rate at which the RBI lends money to commercial banks against securities.
Recent Revision by RBI
In the 6th Bi-Monthly Monetary Policy, the RBI revised the repo rate:
Significance of the Repo Rate
The repo rate impacts various economic factors:
Conclusion
The revision of the repo rate to 6.25% reflects the RBI's strategy to maintain economic stability while addressing inflationary pressures. Understanding such changes can help individuals and businesses make informed financial decisions.
The repo rate is a crucial monetary policy tool used by the Reserve Bank of India (RBI) to regulate the economy. It is the rate at which the RBI lends money to commercial banks against securities.
Recent Revision by RBI
In the 6th Bi-Monthly Monetary Policy, the RBI revised the repo rate:
- Current Repo Rate: 6.25%
- Purpose of Revision: To manage inflation and stabilize the economy.
Significance of the Repo Rate
The repo rate impacts various economic factors:
- Borrowing Costs: Lower rates make borrowing cheaper for banks, leading to lower loan rates for consumers and businesses.
- Inflation Control: Adjusting the repo rate helps control inflation by influencing spending and investment.
- Economic Growth: A balanced repo rate fosters economic growth by ensuring liquidity in the market.
Conclusion
The revision of the repo rate to 6.25% reflects the RBI's strategy to maintain economic stability while addressing inflationary pressures. Understanding such changes can help individuals and businesses make informed financial decisions.
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