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343

Q:

At what rate has the Monetary Policy Committee kept the repo rate unchanged for the eighth time in a row?

  • 1
    6.00%
  • 2
    6.25%
  • 3
    6.50%
  • 4
    6.75%
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Answer : 3. "6.50%"
Explanation :

The Monetary Policy Committee (MPC) of the Reserve Bank of India has kept the repo rate unchanged at 6.5% in its first meeting after the Lok Sabha elections 2024. The RBI decided to retain the key rate for the eighth time in a row in its June 2024 meeting. The MPC last changed the benchmark interest rate in February 2023. Also, real GDP growth is expected to be 7.2% for FY 2025.

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