What is the current repo rate in the 5th bi-monthly Monetary Policy Review (MPR) of RBI for 2017-18?
A. 6.25%
B. 5.75%
C. 6.7%
D. 6.0%
Answer:D
What is the current repo rate in the 5th bi-monthly Monetary Policy Review (MPR) of RBI for 2017-18?
A. 6.25% B. 5.75% C. 6.7% D. 6.0%
Explanation: The Reserve Bank of India (RBI) has kept the key interest rate “repo rate” unchanged at 6% and reverse repo at 5.75% in its fifth bi-monthly monetary policy review for the year 2017-18 on December 6, 2017, as it feared that inflation may top the central bank’s medium-term target of 4%....... Check More at INDIA GK" App: tinyurl.com/IndiaGK