2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3.35 %
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4.25 %
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4.5 %
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4.0 %
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Detailed explanation-1: -The MPC feels that this action will support medium-term growth prospects. Accordingly, the MPC decided to increase the policy repo rate by 50 basis points to 5.90 per cent.
Detailed explanation-2: -The current repo rate in 2023 stands at 6.25% as per the recent update on 7th December 2022, when the Reserve Bank of India (RBI) raised the repo rate by 35 basis points.
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: -RBI Repo Rate Hike: The Reserve Bank of India (RBI) recently hiked the repo rate by 35 bps, the fifth such increase in 2022. The repo rate currently stands at 6.25 per cent.
Detailed explanation-5: -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.