Question

    What is the new Repo rate after RBI has announced to

    change the rate in recent MPC review from existing 4%?
    A 4.5% Correct Answer Incorrect Answer
    B 5% Correct Answer Incorrect Answer
    C 4.75% Correct Answer Incorrect Answer
    D 4.4% Correct Answer Incorrect Answer
    E 4.25% Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) hiked key repo rate by 40 basis points (bps) to 4.40 per cent amid rising inflationary pressures in the economy.

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