2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4.90
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4.80
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4.50
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4.70
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Detailed explanation-1: -The Monetary Policy Committee (MPC) met on 6th, 7th and 8th February 2023. Based on an assessment of the macroeconomic situation and its outlook, the MPC decided by a majority of 4 members out of 6 to increase the policy repo rate by 25 basis points to 6.50 per cent, with immediate effect.
Detailed explanation-2: -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-3: -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-4: -Here’s why. There is room for at least another 50 bps hike in India’s policy repo rate going forward.
Detailed explanation-5: -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%.