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Question
What is the current repo rate in the second bi-monthly monetary policy review of RBI for FY 19? [June 2018]
What is the current repo rate in the second bi-monthly monetary policy review of RBI for FY 19? [June 2018]
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Solution
The correct option is D 6.25%
On June 6, the 6-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) hiked the key policy repo rate by 25 basis points to 6.25% in its second bi-monthly monetary policy review of FY19. Concurrently, the reverse repo rate adjusted to 6.0%, and the marginal standing facility (MSF) rate and the Bank Rate to 6.50%. This is the first time since January 2014 that RBI has announced a rate hike.
On June 6, the 6-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) hiked the key policy repo rate by 25 basis points to 6.25% in its second bi-monthly monetary policy review of FY19. Concurrently, the reverse repo rate adjusted to 6.0%, and the marginal standing facility (MSF) rate and the Bank Rate to 6.50%. This is the first time since January 2014 that RBI has announced a rate hike.
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