2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5.15%
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5.40%
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5.55%
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5.40%
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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 (December 7, 2022) decided to: • Increase the policy repo rate under the liquidity adjustment facility (LAF) by 35 basis points to 6.25 per cent with immediate effect.
Detailed explanation-2: -Here’s what the Indian central bank chief announced. RBI Monetary Policy Committee Meeting December 2022: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect, RBI Governor Shaktikanta Das announced.
Detailed explanation-3: -Accordingly, the MPC decided to increase the policy repo rate by 25 basis points to 6.50 per cent.
Detailed explanation-4: -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.