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As per the RBI’s August bi-monthly monetary policy rates, the Marginal Standing Facility Rate stands at ____?
A)
4.0%
B)
4.25%
C)
5.5%
D)
6.75%

Correct Answer : Option (B) - 4.25%


* As per the rates, the Monetary Policy Committee (MPC) has maintained the status quo for the seventh consecutive time.

Members of MPC : Shaktikanta Das (Chairperson of the committee), Dr Michael Debabrata Patra, Dr Mridul K. Saggar, Prof. Ashima Goyal, Dr Shashanka Bhide and Prof. Jayanth R Varma.

* The RBI has kept the repo rate unchanged i.e. to 4%.
* The reverse repo rate is also kept unchanged to 3.35%.
* The Marginal Standing Facility Rate is kept at 4.25%, Bank rate is kept at 4.25%.
* The CRR is kept at 4% and the SLR is at 18%.
* The unhanged policy rates will help to promote growth within the framework of financial stability.
* The inflation rate for FY22 is raised to 5.7% from 5.1% which was announced earlier.

Published On : August 7, 2021
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