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What is the reverse repo rate as announced by the Reserve Bank of India in its bi-monthly Monetary Policy in October 2020? 
  • a)
    3.35% 
  • b)
    3.25% 
  • c)
    3.75% 
  • d)
    3.65%
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
What is the reverse repo rate as announced by the Reserve Bank of Indi...
The Reserve Bank of India in its bi-monthly Monetary Policy statement issued, has maintained a status quo keeping the key interest rates unchanged. The reverse repo rate remains unchanged at 3.35 per cent, the repo rate at 4 per cent.
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What is the reverse repo rate as announced by the Reserve Bank of India in its bi-monthly Monetary Policy in October 2020?a)3.35%b)3.25%c)3.75%d)3.65%Correct answer is option 'A'. Can you explain this answer?
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