2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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35
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25
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50
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20
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Detailed explanation-1: -Current Repo Rate 2023. The Monetary Policy Committee (MPC) announced in December 2022 that the repo rate has been increased by 35 basis points and the rate is now 6.25%. During its meeting MPC has decided to keep the reverse repo rate unchanged at 3.35%.
Detailed explanation-2: -Here’s why. There is room for at least another 50 bps hike in India’s policy repo rate going forward. In December 2022 policy, RBI hiked the repo rate by 35 bps to 6.25%, however, maintained its withdrawal of accommodation stance.
Detailed explanation-3: -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-4: -The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on September 30, 2022, increased the policy repo rate by 50 basis points (bps) to 5.9% making loans expensive.
Detailed explanation-5: -Current Repo Rate in India The current repo rate in 2023 stands at 6.25% as per the recent update on 7th December 2022, when the Reserve Bank of India (RBI) raised the repo rate by 35 basis points.