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Reserve Bank of India has maintained the repo rate at what percentage?
A)
6.5%
B)
6.75%
C)
7.0%
D)
7.25%

Correct Answer :   6.5%


RBI Monetary Policy Committee has kept the key policy repo rate unchanged at 6.5%. This is the fourth meeting on the trot that the MPC decided to maintain the status quo on the repo rate.

The MPC last raised this rate by 25 bps to 6.50% at its meeting in February 2023.

Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the transmission of 250 bps repo rate cut is still incomplete.

The Real GDP growth projection for FY24 remains unchanged at 6.5%. Similarly, inflation for FY24 is projected at 5.4%, unchanged from earlier.

Preventing food and fuel price shocks are non-negotiable necessities, the Governor said. RBI may have to consider open market operations (OMOs) with regard to G-secs to manage liquidity, Das added. In the post Monetary Policy press conference, Das said that OMO will be via auction..

Source : The Hindu Businessline

Published On : October 6, 2023
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