RBIs monetary policy committee in its third bi-monthly monetary policy review of 2018-19, increased repo rate to

2018

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

RBI’s monetary policy committee in its third bi-monthly monetary policy review of 2018-19, increased repo rate to

A	6.75 %
B	6.25 %
C	6.5 %
D	6.15 %

Explanation:

Detailed explanation-1: -On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 35 basis points (bps) from 5.75 per cent to 5.40 per cent with immediate effect.

Detailed explanation-2: -Here are the key takeaways of Reserve Bank of India Governor Shaktikanta Das’ speech: The MPC has kept the repo rate unchanged at 4 percent while increasing the reverse repo rate to 3.75 percent from 3.35 percent earlier.

Detailed explanation-3: -Accordingly, the MPC decided to increase the policy repo rate by 50 basis points to 5.40 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. 9.

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