What is the current repo rate, according to 6th Bi-monthly Monetary policy statement for 2017-18?
A. 6.55%
B. 6.25%
C. 6.0%
D. 5.75%
Answer:C
What is the current repo rate, according to 6th Bi-monthly Monetary policy statement for 2017-18?
A. 6.55% B. 6.25% C. 6.0% D. 5.75%
Explanation: In the 6th Bi-monthly Monetary policy statement for 2017-18, the Reserve Bank of India (RBI) has kept the key interest rate “repo rate” unchanged at 6% and reverse repo at 5.75%. Also, the Marginal Standing Facility (MSF) rate and the Bank Rate kept at 6.25%. The decision of the Monetary Policy Committee (MPC) is consistent with the neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth............Check More at INDIA GK" App: tinyurl.com/IndiaGK