2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reverse Repo Rate
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Repo Rate
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Bank Rate
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SLR
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Detailed explanation-1: -RBI slashed the repo rate by a cumulative 250 basis points since February 2019 to help revive the growth momentum. This included a 115 bps cut between March 2020 and May 2020 to soften the blow from the COVID-19 crisis.
Detailed explanation-2: -The CRR has been kept unchanged at 4%. Latest update (04-Apr-2019) : The RBI cuts Repo Rate by 25 basis points to 6% from 6.25%. This is the second consecutive rate cut from RBI, after a surprise rate cut in February 2019. Latest update (07-Feb-2019) : The RBI cuts Repo Rate by 25 basis points to 6.25% from 6.50%.
Detailed explanation-3: -001/2019-20 dated May 22, 2020 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated May 04, 2022, the Bank Rate is revised upwards by 40 basis points from 4.25 per cent to 4.65 per cent with immediate effect.
Detailed explanation-4: -001/2019-20 dated March 27, 2020, on the captioned subject. The cash reserve ratio (CRR) of all banks was reduced by 100 basis points to 3.00 per cent of their Net Demand and Time liabilities (NDTL) effective from the reporting fortnight beginning March 28, 2020.