Which among the following is true about RBI monetary policy declared on 7th June 2016 ?
A. CCR hike by .25
B. Repo rate hike by .5
C. Both A & B
D. interest rates intact
Answer:D
Which among the following is true about RBI monetary policy declared on 7th June 2016 ?
A. CCR hike by .25 B. Repo rate hike by .5 C. Both A & B D. interest rates intact
Explanation: RBI keeps key policy rates unchanged in RBI monetary policy declared on 7th June 2016. Citing rising inflationary pressure, RBI Governor Raghuram Rajan on Tuesday kept interest rates intact but said his monetary policy remains “accommodative” and hinted at a cut later this year if good monsoon helps ease inflation. Check Detail EXPLANATION at INDIA GK Mobile App.