2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the current Repo rate according to the bi-monthly monetary policy
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6.7 %
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7.3 %
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6.5 %
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8 %
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Explanation:
Detailed explanation-1: -Highlights of RBI’s Bi-monthly Monetary Policy of 2022-23; Repo Rate raised to 6.25% in December 2022. January 2023.
Detailed explanation-2: -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-3: -As announced in the Monetary Policy Statement 2022-23 dated December 07, 2022, the Bank Rate is revised upwards by 35 basis points from 6.15 per cent to 6.50 per cent with immediate effect.
Detailed explanation-4: -25% in its second bi-monthly monetary policy review of FY19.
There is 1 question to complete.