What is the current repo rate, as per 3rd bi-monthly monetary policy review for of 2018-19 of the Reserve Bank of India (RBI)?
A. 6.50%
B. 6.00%
C. 6.25%
D. 6.75%
Answer:A
What is the current repo rate, as per 3rd bi-monthly monetary policy review for of 2018-19 of the Reserve Bank of India (RBI)?
A. 6.50% B. 6.00% C. 6.25% D. 6.75%
Explanation: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) hiked policy repo rate by 25 basis points to 6.50% in its third bi-monthly monetary policy review of 2018-19. Repo rate is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds.........Check More at INDIA GK" App: tinyurl.com/IndiaGK