BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following rates signals the RBI’s long-term outlook on interest rates?
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Repo Rate
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Reverse Repo Rate
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Bank Rate
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SLR
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Explanation:
Detailed explanation-1: -Fitch Ratings’ India long-term interest rate forecast projected RBI’s repo rate to reach 5.90% in FY 2022/2023, 6% in FY 2023/2024 and 5.75% in FY 2024/2025.
Detailed explanation-2: -The current/ latest rates as per RBI Monetary Policy are: SLR 18.00%, CRR is 4.50%, MSF is 6.75%, Repo Rate is: 6.50%, Reverse Repo Rate is 3.35%, and Bank Rate 6.75%.
Detailed explanation-3: -The correct option is A Reverse repo rate What is the rate of interest at which the Reserve Bank of India borrows money from commercial banks called? Q. Which of the following refers to the rate of interest at which the commercial banks borrow money from the Reserve Bank of India?
There is 1 question to complete.