Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 172)

2024-02-08 Banking

172.

What is the repo rate set according to the recently published bi-monthly monetary policy by the Reserve Bank of India?

5.5%

6.5%

6.7%

Answer: Option

Explanation:

The Reserve Bank of India has opted to maintain the repo rate at 6.5 per cent in its latest bi-monthly monetary policy announcement. This decision suggests a continuation of the prevailing lending rates, aimed at supporting economic stability and growth amidst evolving financial conditions.