As per Sixth Bi-monthly Monetary Policy Statement 2018-19, RBI fixed the policy Repo Rate at what percent?
A. 6.0
B. 6.25
C. 6.5
D. 6.75
Answer:B
As per Sixth Bi-monthly Monetary Policy Statement 2018-19, RBI fixed the policy Repo Rate at what percent?
A. 6.0 B. 6.25 C. 6.5 D. 6.75
Explanation: The Reserve Bank of India in its Sixth Bi-monthly Monetary Policy Statement 2018-19 reduced Repo Rate by 25 basis points to 6.25 percent. RBI's six-member Monetary Policy Committee also brought down Reverse Repo Rate to 6 percent.