Question
According to the recent meeting of Monetary Policy
Committee in February 2023, Repo Rate hiked by how much basis points?Solution
Repo Rate hiked by 25 basis points to 6.50 per cent. Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to increase the policy repo rate by 25 basis points. Dr. Ashima Goyal and Prof. Jayanth R. Varma voted against the repo rate hike.
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