What is the value of the reverse repo rate, as per the first RBI bimonthly policy review of 2017-2018?
A. 5.75%
B. 5.25%
C. 6%
D. 6.25%
Answer:C
What is the value of the reverse repo rate, as per the first RBI bimonthly policy review of 2017-2018?
A. 5.75% B. 5.25% C. 6% D. 6.25%
Explanation: As per first bi-monthly monetary policy review for 2017-18 of the Reserve Bank of India (RBI), the repo rate — the main policy rate at which banks borrow from RBI remain unchanged at 6.25%. Check Detail Explanation at INDIA GK" App: tinyurl.com/IndiaGK