2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5%
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2%
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4%
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3%
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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: -In December 2022, the MPC hiked the Repo rate - the key policy rate - by 35 basis points to 6.25 per cent in a bid to rein in retail inflation.
Detailed explanation-3: -The Reserve Bank of India on Wednesday hiked the repo rate by 25 basis points to 6.5%, Governor Shaktikanta Das announced the decision of the monetary policy committee which was passed by a majority of 4 members of 6 members. This was the first Monetary Policy Statement of the year.