Join Examsbook
Answer : 3. "6.50%"
At what rate has the Monetary Policy Committee kept the repo rate unchanged for the eighth time in a row?
5Q:
At what rate has the Monetary Policy Committee kept the repo rate unchanged for the eighth time in a row?
- 16.00%false
- 26.25%false
- 36.50%true
- 46.75%false
- Show AnswerHide Answer
- Workspace
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.