BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The RBI has cut the repo rate by 25 bps in third bi-monthly monetary policy 2017. What is present Repo Rate?

A	5.75 per cent
B	6.00 per cent
C	6.25 per cent
D	6.50 per cent

Explanation:

Detailed explanation-1: -Accordingly, the MPC decided to increase the policy repo rate by 25 basis points to 6.50 per cent. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.

Detailed explanation-2: -On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (February 8, 2023) decided to: Increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.50 per cent with immediate effect.

Detailed explanation-3: -Here’s what the Indian central bank chief announced. RBI Monetary Policy Committee Meeting December 2022: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect, RBI Governor Shaktikanta Das announced.

Detailed explanation-4: -RBI Repo Rate Hike: The Reserve Bank of India (RBI) recently hiked the repo rate by 35 bps, the fifth such increase in 2022.

There is 1 question to complete.