Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1342)

2020-05-23 Banking

1342.

The Reserve Bank of India on May 22, 2020 announced reduction in the Policy Repo Rate from 4.4% to how much percent?

4.1%

3.8%

Answer: Option

Explanation:

The Reserve Bank of India on May 22, 2020 addressed the media and announced reduction in the Policy Repo Rate from 4.4% to 4%. The reverse repo rate was also reduced to 3.35 percent. The decision was taken by RBI's Monetary Policy Committee to maintain the accommodative stance. The GDP is expected to remain negative for 2020-21.