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Question

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


Your Answer
A
Repo rate was decreased at 5.6%
Your Answer
B
Repo rate was decreased at 6.5%
Your Answer
C
Repo rate was increased at 6.5%
Correct Answer
D
Repo rate was left unchanged at 6.5%
Your Answer
E
No modification was observed

Solution

The correct option is E 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.

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