2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI in its 4th Bi-Monthly Monetary Policy Statement 2016-17 adjusted the Reverse Repo rate by at what percent
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5.25
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6.75
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7.55
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7.35
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Explanation:
Detailed explanation-1: -RBI Repo Rate 2022 has been 4.40% to date since last year. The RBI has increased the Repo Rate by 40bps. Why the RBI has not changed the Repo Rate for a year? Repo Rate is changed as per the liquidity position and inflation rate.
Detailed explanation-2: -Current Repo Rate in India In September 2022, the Monetary Policy Committee (MPC) stated that the repo rate had been raised by 50 basis points to 5.90%. During its meeting, the MPC agreed to maintain the reverse repo rate at 3.35%. The Bank Rate and also the marginal standing facility rate have been changed to 5.15%.
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