2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the new Repo Rate revised by the six-member monetary policy committee chaired by RBI Governor Shaktikanta Das?
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6.00 %
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6.25 %
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5.75 %
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6.50 %
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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.
Detailed explanation-2: -Accordingly, the MPC decided to increase the policy repo rate by 50 basis points to 4.90 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: -Earlier RBI increased the Repo Rate by 50 basis points to 5.9% on September 30, 2022.
Detailed explanation-4: -Chairman of the Monetary Policy Committee is the governor of RBI.
There is 1 question to complete.