2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI keeps key rates unchanged in 6th bi-monthly monetary policy review.what percentage in Cash Reserve Ratio
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3.7
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5.7
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4.0
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6.3
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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: -The Central bank has projected retail inflation at 6.5 per cent for 2022-23 and 5.3 per cent for the next fiscal. In December 2022, the MPC hiked the Repo rate-the key policy rate-by 35 basis points to 6.25 per cent in a bid to rein in retail inflation.
Detailed explanation-3: -The current mandate of the committee is to maintain 4% annual inflation until 31 March 2026 with an upper tolerance of 6% and a lower tolerance of 2%.
There is 1 question to complete.