Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.35)

35. 

What is the new reverse repo rate according to the Bi-monthly Monetary Policy Report?

[A]. 5.20%
[B]. 4.40%
[C]. 4.00%
[D]. 4.65%

Answer: Option C

Explanation:

In view of the COVID-19 pandemic, the Reserve Bank of India's Monetary Policy Committee (MPC) decided to advance the Bi-monthly Monetary Policy meet which was scheduled to be held on 31st March 2020 and the announcement was meant to be made on 3rd April. The key decisions are: The repo rate under the liquidity adjustment facility (LAF) has been reduced by 75 basis points to 4.40%. The reverse repo rate under the LAF has been reduced by 90 basis to 4.00%. The marginal standing facility (MSF) rate and the Bank Rate have been reduced to 4.65%.

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