Current Affairs - National - Discussion

Discussion Forum : National - Latest Current Affairs (Q.No. 4862)

2020-05-30 National

4862.

Government has ceased the 7.75% Savings Bonds scheme commonly known as RBI Bonds or GOI bonds for subscription due to the declining interest rates. Where is the headquarters of RBI?

Mumbai

Delhi

Nagpur

Chennai

Answer: Option

Explanation:

Government has ceased the 7.75% Savings (Taxable) Bonds scheme commonly known as RBI Bonds or GOI bonds for subscription due to the declining interest rates as RBI has lowered the short-term repo rate which is currently at 4%.