2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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30 basis points
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40 basis points
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50 basis points
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60 basis points
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Detailed explanation-1: -15. Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to increase the policy repo rate by 25 basis points. Dr. Ashima Goyal and Prof. Jayanth R. Varma voted against the repo rate hike.
Detailed explanation-2: -Reserve Bank of India repo rate: The Reserve Bank of India (RBI) Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) has raised the repo rate by 25 basis points to 6.5 per cent on Wednesday from 6.25 per cent.
Detailed explanation-3: -The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on September 30, 2022, increased the policy repo rate by 50 basis points (bps) to 5.9% making loans expensive.
Detailed explanation-4: -"The MPC decided to increase the repurchase rate by 25 basis points to 7.25% per annum with effect from the 27th of January 2023.
Detailed explanation-5: -The Central bank has projected retail inflation at 6.5 per cent for 2022-23 and 5.3 per cent for the next fiscal. The Monetary Policy Committee of the Reserve Bank of India (RBI) hiked repo rate by 25 basis points to 6.5 per cent, Governor Shaktikanta Das announced on Wednesday (February 8).