2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4.40%
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6.00%
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5.20%
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5.60%
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Detailed explanation-1: -The Reserve Bank of India has increased the repo rate by 25 Basis points to 6.5 per cent. Since May 2022, the RBI has increased the repo rate by 2.5 per cent. The Monetary Policy Committee headed by RBI Governor Shaktikanta Das decided to increase repo rate by the majority of 4:2.
Detailed explanation-2: -Here’s what the Indian central bank chief announced. RBI Monetary Policy Committee Meeting December 2022: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect, RBI Governor Shaktikanta Das announced.
Detailed explanation-3: -When was the RBI Repo Rate changed? On 7th December 2022, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) raised the repo rate by 35 basis points (bps) to 6.25%.