2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4.4%
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4%
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3.5%
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3.75%
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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 (February 8, 2023) decided to: Increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.50 per cent with immediate effect.
Detailed explanation-2: -The current repo rate is 6.25%.
Detailed explanation-3: -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-4: -After the latest hike by the Reserve Bank of India, the repo rate currently stands at 6.25%, the exact level as it was in February 2019. From May 2020 to May 2022, the repo rate remained unchanged at 4%.