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RBI increased the policy repo rate by 25 basis points to __________.
- a)6.3%
- b)6.7%
- c)6.8%
- d)6.5%
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
RBI increased the policy repo rate by 25 basis points to __________.a)...
The Reserve Bank of India (RBI) increased the repo rate by 25 basis points to 6.5% and the reverse repo rate to 6.25%. This is the third bi-monthly policy review of the 2018-2019 financial year. The marginal standing facility rate and the bank rate have been adjusted to 6.75%. This decision was made by the Monetary Policy Committee headed by RBI Governor Urjit Patel. Repo rate is the rate at which the RBI lends money to commercial banks in the event of a shortfall of funds.
Most Upvoted Answer
RBI increased the policy repo rate by 25 basis points to __________.a)...
The RBI's Monetary Policy Committee, during its by-monthly meeting on Wednesday, increased the repo rate by 25 basis points to 6.5 per cent from the previous rate of 6.25 per cent. This is the second hike in the interest rate after four years of continuous halt by the central bank. This time too, the MPC again maintained the neutral stance to achieve the medium-term target for inflation of 4 per cent in a band of +/- 2 per cent.
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RBI increased the policy repo rate by 25 basis points to __________.a)6.3%b)6.7%c)6.8%d)6.5%Correct answer is option 'D'. Can you explain this answer?
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