New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What is change in repo rate after recent MPC review in

    June?
    A Increase in 50 basis point Correct Answer Incorrect Answer
    B Decrease in 40 basis point Correct Answer Incorrect Answer
    C decrease in 50 basis point Correct Answer Incorrect Answer
    D increase in 40 basis point Correct Answer Incorrect Answer
    E No changes Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has increased the policy repo rate by 0.5 per cent or 50 basis points in the June MPC meeting. The policy rate as on June 2022 stands at 4.90 per cent.

    Practice Next