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Today General Knowledge(GK)
RBI has increased policy repo rate to how much in 8th June 2022?
A)
4.90%
B)
5.20%
C)
5.50%
D)
5.74%

Correct Answer : Option (A) - 4.90%



The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday(8th June 2022) voted unanimously to increase the repo rate by 50 basis points to 4.90% in a bid to slow inflation that it estimates will average 7.5% in the current April-June quarter.
 
The MPC also decided to remain focused on the withdrawal of accommodation which had been provided to support the COVID-19 hit economy, to ensure that inflation remains within the target going forward, while supporting growth, RBI Governor Shaktikanta Das said while announcing the rate increase.

Source : The Hindu

Published On : June 8, 2022
Category : Banking
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