Question

What is the recent modification in the latest Monitory Policy Review which is released by RBI?

• A. Repo rate was decreased at 5.6%
• B. Repo rate was decreased at 6.5%
• C. Repo rate was increased at 6.5%
• D. Repo rate was left unchanged at 6.5%
• E. No modification was observed

Answer 1

The correct option is D Repo rate was left unchanged at 6.5%

The RBI kept the cash reserve ratio of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities.